Asian equity markets retreated into negative territory on Thursday, weighed down by a wave of profit-taking in the technology sector.
The recent rally, largely fueled by optimism surrounding artificial intelligence investments, lost steam after several major US technology companies reported quarterly earnings that failed to meet elevated market expectations.
Selling pressure was concentrated in tech-heavy indices, with investors reassessing valuations in light of the softer-than-anticipated results from the US.
The MSCI Asia Pacific index declined, reflecting broad-based weakness across the region as traders digested the earnings data.
Advanced Micro Devices (AMD) was among the names cited in reports as contributing to the sector's downward pressure.
This development marks a continuation of the volatility seen in recent sessions.