Asian tech stocks resume their slide after brief pause
Seoul, June 10 -- Asian tech stocks led by heavyweight names like Softbank, Samsung and SK Hynix resumed their slide after a brief pause on Monday as stretched AI valuations and a renewal in conflict in West Asia made investors cautious.
Broader Asian indices saw weakness in trade as the US and Iran exchanged fire over a downed US Apache helicopter. US President Trump vowed a proportionate response to the Iranian misadventure.
The US military said that it targeted military air defence, ground control stations and surveillance radar sites in Iran.
The Iranian Revolutionary Guards carried out strikes in Jordan on a US base and 21 other targets in the Gulf in retaliation for the American attack, Reuters reported.
The MSCI Asia-Pacific in...
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