Tech
Anxiety over AI spending returns to global markets
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Stocks in South Korea, Taiwan and Japan tumbled Friday, reversing gains from a rally the previous day, as investor anxiety about a potential investment bubble in artificial intelligence bled over to Asia from the United States.
Benchmark indexes in South Korea and Taiwan fell nearly 4% in Asia on Friday. The losses were driven by declines in chip companies, including South Korea’s SK Hynix, which plummeted more than 8%. Taiwan Semiconductor Manufacturing Co. shed more than 4%.
In Japan, the Nikkei 225 index declined 2%. Advantest, a Japanese…
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