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AI-linked Asian stocks tumble over 5% as US tech CEOs call for pacing AI development
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Asian equities tied to AI, including SoftBank, Kioxia, SK Hynix, Minimax and Z.ai, fell more than 5% after US tech leaders urged a deliberate pacing of AI development.
The sharp sell-off shows that investor sentiment can shift quickly when leading CEOs call for slower AI progress, potentially tightening capital for AI-focused ventures. Engineers may face tighter budgets, slower hiring, and heightened scrutiny of model deployment as companies adjust to a more cautious investment climate.
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AI-related Asian stocks slid more than 5% in early trading.
The decline followed public statements from US tech CEOs urging a paced approach to AI development.
Companies hit include SoftBank, Kioxia, SK Hynix, Minimax and Z.ai, highlighting broad market exposure to AI sentiment.
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