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The 10% single-session loss in SK Hynix was the headline move in a broad Asian tech decline that followed a selloff in Wall Street AI names. Volatility across the tech sector ran at elevated levels.
Morgan told clients the sell-off had not derailed the AI investment cycle, and analysts broadly held an optimistic view of the sector's outlook. The session SK Hynix fell 10%, leading Asian tech stocks lower.
The move tracked a prior selloff in Wall Street AI names, with the pressure spreading into regional markets.
Then the longer read: the session illustrated how quickly an AI-linked sell-off on Wall Street translates into price damage across Asian tech. Morgan's position on the cycle J.P.
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