The damage was concentrated in regional powerhouses, where indices plummeted under the weight of investor anxiety. Taiwan’s market bore the brunt of the downturn with a 5.7% decline, while Japan’s Nikkei index shed nearly 6% of its value. Market liquidity remained thin as South Korean exchanges closed for holidays, amplifying the volatility in neighboring indices. Both China's CSI300 and Hong Kong’s Hang Seng retreated as the tech-heavy rally that defined much of the year faced a sudden, aggressive correction.
Beyond the hardware sector, rising crude oil prices added a layer of systemic risk, fueled by intensifying friction between the United States and Iran. Analysts are now tempering previous bullish projections for the artificial intelligence sector, citing mounting concerns over chip overcapacity. This shift in sentiment raises fundamental questions about the sustainability of the current semiconductor cycle, marking a departure from the optimism that has fueled global indices for months.
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