A post by @FirstSquawk on X.

Asia-Pacific equities fell sharply Thursday, wiping out the region’s post-election rally as investors cut technology exposure on worries that data-center buildout spending could lose momentum. The selloff erased gains tied to the earlier election outcome and centered on tech names linked to AI and cloud infrastructure demand. The move matters because data-center expansion has been a key pillar of the global equity rally, and any sign of slowing capex would hit semiconductor, hardware and power-related suppliers. Investors will watch upcoming hyperscaler spending guidance and chip orders for confirmation of whether the pullback is positioning-driven or signals a deeper demand shift.