Asia stocks fall on US-Iran flare-up, chip losses; inflation jitters weigh

AI Summary

Asian stock markets declined due to increased risk aversion following a military flare-up between the US and Iran. The technology sector's recovery faltered with significant losses in chipmaking stocks, exacerbating concerns about inflation and geopolitical tension.

Asian stocks fell on Wednesday, pressured by heightened risk aversion after a renewed military flare-up between the U.S. and Iran, while a recovery in technology stocks also fizzled out. South Korea’s KOSPI was the worst performer in the region, pressured renewed losses in heavyweight chipmaking stocks after a major wipeout on Monday. Chinese and Japanese ...