The global selloff in semiconductor stocks is accelerating on concern over lofty valuations for some of the artificial intelligence boom’s biggest winners.
South Korea’s equity benchmark Kospi plunged as much as 6.2% on Wednesday, the most since an April hit from US President Donald Trump’s sweeping tariffs, after chipmakers Samsung Electronics Co. and SK Hynix Inc. dragged on the gauge. In Japan, Advantest Corp. dropped nearly 10%, helping pull the Nikkei 225 down more than 4%.
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