# Nasdaq sell-off batters Asian chip stocks as SK Hynix, Samsung, Softbank, TSMC tumble

- URL: https://talkfuse.com/story/nasdaq-sell-off-batters-asian-chip-stocks-as-sk-hynix-samsung-softbank-tsmc-tumble/
- Published: 2026-11-06T01:41:32+00:00
- Updated: 2026-11-06T03:39:56+00:00
- Original publisher: CNBC (publisher lean: Centre)
- Original article: https://www.cnbc.com/2026/11/06/tech-stocks-sk-hynix-samsung-softbank.html
- Topics: Asia, Business, Markets, World

## Key points

- Asian chip shares fell sharply after a major US tech sell-off.
- TSMC dropped 9.6%, while the Nasdaq lost 5.5%.
- Investors are questioning AI spending and future hardware demand.

## Summary

Asian chip and technology stocks plunged after a steep Wall Street sell-off, as investors questioned whether the AI investment boom can deliver returns to justify heavy data-centre spending. The falls matter because Asian companies supply much of the hardware used in AI infrastructure, leaving them exposed to any slowdown in US construction.

Taiwan’s TSMC fell 9.6%, while Foxconn and Foxconn Technology dropped 9.4% and 9.1%. China’s STAR Market and ChiNext Artificial Intelligence Index each lost more than 4%; in the US, the Nasdaq fell 5.5% and the Philadelphia Semiconductor Index sank 12.2%, leaving the Nasdaq more than 10% below its recent peak. A Goldman Sachs strategist said position unwinding, stop-loss selling and volatility had intensified the declines, while possible political opposition to US data-centre projects could threaten demand.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.