The MSCI Asia Pacific Index fell nearly 2.1% as market concerns about AI spending reignited, triggering a wave of sell-offs from chipmakers. The individual stocks that have dragged down the index the most include SK Hynix, which fell nearly 10.4%, and Samsung Electronics, which fell more than 8.5%. The benchmark index's increase since this year has narrowed to 14.4%.

The MSCI Asia Pacific Index fell nearly 2.1% as market concerns about AI spending reignited, triggering a wave of sell-offs from chipmakers. The individual stocks that have dragged down the index the most include SK Hynix, which fell nearly 10.4%, and Samsung Electronics, which fell more than 8.5%. The benchmark index's increase since this year has narrowed to 14.4%.