AI TRADE REVERSAL PIERCES STAR STOCKS ACROSS ASIA

What happened: A deepening selloff in US technology stocks hit Asia's AI hardware supply chain, with a Goldman Sachs basket of regional AI hardware stocks falling 11 percent last week, its steepest drop since mid-July. Key numbers: Oil reached US$110 a barrel. The Philadelphia semiconductor index fell about 16 percent over eight sessions. Why it matters: Investors are questioning whether hyperscalers and neocloud operators can keep financing AI infrastructure as borrowing costs rise, which could delay spending and reset earnings expectations for Asian suppliers.

A deepening selloff in US technology stocks hit Asia's AI hardware supply chain, with a Goldman Sachs basket of regional AI hardware stocks falling 11 percent last week, its steepest drop since mid-July.

Investors are questioning whether hyperscalers and neocloud operators can keep financing AI infrastructure as borrowing costs rise, which could delay spending and reset earnings expectations for Asian suppliers.