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Asian tech stocks plunge on fears the US will slow down building data centres

Asian stock markets tied to the AI boom fell sharply on Friday morning after a tech sell-off, Nikkei Asia reports. Investors fear that US Democrats may delay data-centre projects. Taiwan's Taiex had its biggest intraday point drop on record, South Korea's Kospi fell 8.7% and Japan's Nikkei fell 6.7%. Separately, Bloomberg cites research firm Cleanview, which says about 40% of planned US data-centre capacity is in states whose newly elected governors pledged to pause or halt construction.

Why it matters: Markets are pricing in slower AI building after the US midterms. If you hold tech funds you may see the drop, but one day's fall says little about the long run.
ReportedTechmeme