Tech Stocks in Asia Sink as Attacks in Qatar Rattle Investors
Tech investor sentiment was rattled after Iran targeted Ras Laffan, an industrial city in Qatar that houses critical oil infrastructure and natural gas export facilities. As concerns about supply chains pivotal to the tech industry grew, tech stocks in Asia took a beating during the day’s trading on Thursday. Samsung Electronics stock slipped by 1.8% while SK Hynix slid by 2.23%. Seoul Semiconductor saw its shares decline by 2.53%. In Japan, the situation wasn’t any different. Advantest slid by more than 4% and Tokyo Electron declined by 1.99%. In China, MiniMax slipped by 10% while Knowledge Atlas recorded an 8%…