Asia stocks slide as S. Korea chip stocks tumble; TSMC earnings in focus

AI Summary

Asian stock markets declined, led by a drop in South Korean shares due to semiconductor stock selloffs and concerns over U.S.-Iran tensions near the Strait of Hormuz. Investors awaited Taiwan Semiconductor Manufacturing Co's quarterly earnings for insight on AI demand.

Asian stock markets fell on Thursday, with South Korean shares leading regional losses as a sharp selloff in semiconductor stocks and renewed concerns over U.S.-Iran tensions around the Strait of Hormuz dampened investor sentiment. Traders awaited quarterly results from Taiwan Semiconductor Manufacturing Co (TSMC) (TW:2330) later in the day for cues on AI demand. U.S. ...