Lisa Su, chair and chief executive officer of Advanced Micro Devices Inc., displays an AMD Instinct MI455X GPU during the 2026 CES event in Las Vegas, Jan. 5, 2026.
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Asia-Pacific markets mostly fell Thursday as the tech sell-off on Wall Street gained momentum, with cryptocurrencies also falling.
Notably, Advanced Micro Devices plunged 17% after its first-quarter forecast underwhelmed some analysts. Broadcom and Micron Technology also suffered major losses, falling about down 3.8%, while the latter fell 9.5%.
Bitcoin declined more than 3%, hovering just above the $73,000 level, after falling below that mark earlier.
In Asia, South Korea’s Kospi tumbled 2.43% as chip heavyweights Samsung and SK Hynix fell 4.14% and 4%, respectively. Other top losers included defense giant Hanwha Aerospace, which declined 4.61%.
Japan’s Nikkei 225 was down 0.25%. Investment firm SoftBank Group Corp declined as much as 5.8% after chip designer Arm’s fiscal third quarter licensing sales missed estimates.
Japanese electronics manufacturer Panasonic jumped as much as 15.26%, even as the company reported worse revenue and net profit numbers for its fiscal third quarter ended December.
Adjusted operating profit, however increased to 159.1 billion yen ($1.03 billion), a 5.59% gain from the same period a year before. The adjusted operating profit strips out restructuring costs of 129.3 billion yen.
The broad-based Topix was the only index in positive territory, up 0.23% and hitting a record high.
Hong Kong’s Hang Seng index slumped 1.06%, with basic materials stocks lagging. The mainland Chinese CSI 300 was down 0.56%.
Australia’s S&P/ASX 200 was down 0.2%.