Asia Tech Selloff Hits Samsung and SK Hynix as AI Spending Doubts Grow

Wall Street's tech selloff spread to Asia, hammering Samsung and SK Hynix as investors question AI spending sustainability. Alphabet, Intel, and Amazon declines triggered the shock, hitting Korea's semiconductor complex first. The selloff reflects doubts about hyperscalers' ability to maintain capital expenditure pace, not vanished HBM demand. Intel exemplifies the contradiction: strong data-center demand clashes with memory costs and heavy investment choking legacy business and free cash flow. Korea now serves as an overnight stress test for the AI chain, with the KOSPI acting as a seismograph. The key question is whether this is sentiment contagion or a fundamental markdown of the buildout's terminal value.