Asian Stocks Dip on Tech Sell-Off, US-Iran Tensions
Asian stocks faced downward pressure Thursday as renewed sell-off in semiconductor shares dragged the tech sector, amid rising US-Iran tensions.
Asian markets traded mixed on Thursday, with major indices under pressure from a tech sell-off. Semiconductor shares led the decline as investors expressed skepticism over the sustainability of the AI rally.
Adding to the bearish sentiment were escalating geopolitical tensions between the US and Iran, which weighed on broader risk appetite. The combination of factors led to lower openings across the region.
Source: FXStreet Forex News