Rising AI financing risks and interest rate concerns drive consecutive sharp declines in chip stocks.

The global tech hardware stock sell-off extended into Thursday. Driven by expectations of Federal Reserve interest rate hikes and financing headwinds in the AI sector, shares of Asian chip manufacturers followed U.S. equities lower. South Korea’s Samsung Electronics fell more than 7% and SK Hynix dropped over 8%, dragging the KOSPI index down by over 6% at one point. The Nikkei 225 index fell more than 3% intraday, with Tokyo Electron and Screen Holdings declining by 3% each. As market concerns

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