Asian Stocks Are Down 10% From June Highs. That Could Be Bad News for This Semiconductor Index.

Asian stocks have declined 10% since June 22, with semiconductor stocks particularly hard hit as investors worry AI hyperscalers may scale back spending on data centers. The iShares Semiconductor ETF has fallen 22.9% since June, raising questions about whether the recent sell-off is temporary or signals a longer-term repricing of chip stocks amid concerns about AI investment sustainability.