A post by @FirstSquawk on X.

Asian chipmakers led equity losses across the region as investors grew uneasy about artificial intelligence demand following the U.S. midterm elections, the Financial Times reported. The selloff hit semiconductor names that had rallied on AI optimism, with the FT tying the pullback to mounting doubts about the durability of AI-related spending. The move matters because chipmakers carry outsized weight in Asian benchmarks and have been the primary conduit for AI enthusiasm into regional markets. Investors will watch upcoming earnings and capital-expenditure guidance from major chip suppliers for signals on whether AI orders are holding up.