Global Tech Selloff Leaves Asia Reeling as Korean Stocks Whipsaw

A fresh bout of volatility gripped Asian technology stocks, with sharp moves in South Korean chipmakers that form the backbone of the world’s artificial intelligence supply chain.

The Kospi Index narrowed its decline to about 2% after falling over 5% earlier Friday, with both Samsung Electronics Co. and SK Hynix Inc. staging a rebound. It’s a similar picture for Taiwan, as well as Hong Kong-listed Chinese tech firms that was briefly on the brink of entering a bear market.