HONG KONG (AP) — Asian stocks tumbled Wednesday after Wall Street had its worst day since early August, with the heavyweight Nvidia falling 9.5%, leading to a global decline in chip-related stocks.
Japan’s benchmark Nikkei 225 lost 4.2% and closed at 37,047.61, leading losses in Asia. Electronics and semiconductor company Tokyo Electron slumped 8.6% on Wednesday. South Korea’s Kospi was down 3.0% to 2,583.70, with tech giant Samsung Electronics dropping 3.2%. Taiwan’s Taiex lost 4.5%, dragged down by the heavyweight Taiwan Semiconductor Manufacturing Company, which was 5.4% lower.
Australia’s S&P/ASX 200 was down 1.9% and ended at 7,950.50 after Wednesday data showed the country’s GDP grew by 1% compared to
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