Asian tech stocks extended their sell-off on Monday, June 8, 2026, as investor sentiment soured on global AI-linked names following a sharp decline on Wall Street. The U.S. tech-heavy Nasdaq Composite fell more than 4.5% last week, its worst weekly performance in months, driven by profit-taking and concerns over high valuations in the AI sector.
In South Korea, memory chip giants Samsung Electronics and SK Hynix saw significant declines on the Kospi index. Samsung Electronics dropped 3.2%, while SK Hynix fell 4.1%, according to market data. Taiwan's TSMC, a key supplier to Nvidia and other AI chipmakers, also slid 2.8% on the Taiex index.
Japan's Nikkei 225 fell 1.5%, with tech heavyweights Tokyo Electron and Advantest losing 3.1% and 2.5%, respectively. The sell-off was broad-based, affecting AI-related stocks across the region as investors reassessed the sustainability of recent gains.
Analysts cited rising bond yields and mixed economic data from the U.S. as additional headwinds. The sell-off reflects a broader rotation out of high-growth tech stocks into defensive sectors, amid uncertainty over the pace of Federal Reserve rate cuts.
