Plunge in Asia’s AI shares sows doubts over rally

The region's sharpest decline since April has been triggered by a tech-led selloff on Wall Street.

- Bloomberg [e-mail]

The sudden slump in Asia's technology shares last week has jolted investors, serving as a stark reminder that the world-beating rally in AI and semiconductor stocks may be nearing a shortterm crest.

The region's sharpest decline since April-triggered by a tech-led selloff on Wall Street-has refocused attention on cracks beneath the surface: the rally's narrow breadth, heavy reliance on retail traders, and growing uncertainty around the timing of Federal Reserve interest-rate cuts.