Asian tech stocks tumble as AI spending worries spread

South Korea's KOSPI fell 5.20% and Japan's Nikkei 225 dropped 2.55% on Friday after disappointing earnings from major US tech companies fuelled concerns about the pace of AI-related investment.

South Korea's KOSPI fell 5.20% and Japan's Nikkei 225 dropped 2.55% on Friday after disappointing earnings from major US tech companies fuelled concerns about the pace of AI-related investment.
Samsung Electronics posted a record quarterly operating profit of 107.4 trillion won ($80.5 billion) on booming AI memory chip sales, yet its shares dropped more than 5% as chip-unit results missed estimates.

South Korea's SK Hynix reported third-quarter operating profit of around 83 trillion won, topping estimates of around 77 trillion won, and said it would hand shareholders roughly 100 trillion won in 2026.
SK Hynix notified the stock exchange that it is evaluating shareholder-return steps, potentially including a special dividend drawn from proceeds of its Kioxia stake disposal, with specifics to accompany Wednesday's quarterly earnings release.