"Broad risk-off sentiment, forced deleveraging, widening hyperscaler CDS spreads, and deteriorating retail investor sentiment are all adding to the selling pressure."

(Bloomberg) -- Asian equities declined as renewed concerns over artificial-intelligence spending fueled another selloff in chipmakers.

South Korea's Kospi index has plunged over 10% on heavy selling of chipmaking stocks that have gyrated recently due to concerns over the sustainability of the boom in artificial…