Chipmakers are leading the decline, signaling broader weakness in technology shares as the region’s equity rally loses momentum.
Asian stocks have fallen into correction territory, sitting about 10% below their June highs. The pullback is being led by chipmakers, pointing to mounting pressure on technology shares after a strong earlier run. A correction typically refers to a decline of around 10% from a recent peak, and the move suggests the sector that had driven gains is now weighing on regional equity markets.