Asian technology stocks tumbled on Friday, extending a Wall Street rout as investors assessed the potential impact of the Democrats’ sweeping victory in the US midterm elections on the artificial intelligence industry.Seoul and Tokyo bore the brunt of the sell-off, with investors retreating from chipmakers and other technology firms amid concerns that political opposition could slow the expansion of AI infrastructure.AdChoicesADVERTISINGThe sharp losses come just five months after technology stocks helped drive global markets to record highs.
