Technology shares weigh on Japan, South Korea and Taiwan
South Korea recorded the steepest decline, with semiconductor-heavy stocks under pressure as investors reassessed the outlook for U.S. AI data-center spending. Taiwan’s market also weakened as chip and electronics supply-chain companies fell. Japan’s Nikkei was dragged lower by AI- and semiconductor-related shares, including some major electronics and equipment companies. Asian technology firms depend heavily on capital spending by U.S. cloud providers and data-center operators, so changes in U.S. regulatory expectations can quickly affect regional valuations.
Hong Kong moves higher
U.S. election results raise AI policy questions
Democrats won important state-level offices in Texas and Georgia, where some candidates had called for pauses or reviews of large data-center projects. Investors worry that restrictions involving electricity, water and land use could delay new U.S. facilities, affecting orders for servers, memory, networking equipment and chips.
