Asian equity markets opened lower on Thursday, weighed down by a broad-based retreat in technology shares as investor confidence in artificial intelligence stocks continues to erode.
The sell-off marks a continuation of the volatility that swept through Wall Street in the previous session, with regional indices struggling to find a floor amid growing skepticism regarding the near-term profitability of AI-driven growth stories.
The weakness was particularly acute in Japan, where the Nikkei 225 faced heavy selling pressure.
Tech giants, which have been the primary engines of market gains over the past year, are now facing a repricing of their valuations as traders question whether current earnings can justify lofty multiples.
The shift in sentiment suggests that the market is moving from a phase of speculative enthusiasm to one of rigorous fundamental scrutiny.
This development follows a period of heightened instability in Asian markets, where indices have swung wildly in response to shifting global risk appetite.