Asia tech stocks sink as oil spike and Qatar attacks threaten chip supply chain

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Asian technology stocks fell on Thursday as Iran’s latest attacks on Qatar’s Ras Laffan Industrial City and a surge in oil prices rattled investor sentiment, amplifying concerns over supply chain disruptions across the semiconductor industry.

Materials derived from Middle Eastern energy markets are used extensively in electronics manufacturing, from printed circuit boards to semiconductor process chemicals.

South Korea memory giants SK Hynix and Samsung Electronics fell 2.23% and 1.8% respectively. Seoul Semiconductor shares declined 2.53%.

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Asia tech stocks sink as oil spike and Qatar attacks threaten chip supply chain

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