Asian markets tumbled as chipmaker stocks experienced a sharp decline, sparking fears the AI rally might have overheated. Concerns also surfaced over Apple's potential chip purchases from China, impacting major players like Samsung and SK Hynix. Meanwhile, comments from Federal Reserve Chairman Kevin Warsh eased inflation worries, suggesting no immediate interest rate hikes. Positive signs emerged from US manufacturing, and geopolitical discussions offered a glimmer of optimism.

(Bloomberg) -- Asian stocks fell after a selloff in US chipmakers reignited concerns that the artificial intelligence-driven rally has outpaced fundamentals.

(Bloomberg) -- Asian stocks fell for the first time in four days after a selloff in chipmakers revived concerns that the artificial intelligence-driven rally may have gone too…

Asian markets tumbled as chipmaker stocks experienced a sharp decline, sparking fears the AI rally might have overheated. Concerns also surfaced over Apple's potential chip…