Shares in Asian chip firms plunge further as AI sell-off continues

Asian chip company shares have experienced significant declines following disappointing financial results from South Korean chipmaker SK Hynix, with Seoul's Kospi index dropping as much as 12.6% on Wednesday. The sell-off represents a continuation of losses in AI-related stocks, marking the second consecutive day of major declines for the semiconductor-dominated market. The index has fallen to its lowest level since early April amid investor concerns about the sector's performance.