Asia chip stocks slide as OpenAI pause revives AI slowdown fears

Asia chip stocks declined as a training pause at OpenAI revived fears of an AI slowdown. Simultaneously, Chinese shares reached a one-year low, driven by a selloff in technology, chip, and optical firms. This downturn followed reports that authorities might permit purchases of Nvidia Corp. chips and proposed US sanctions on foreign optical producers. The decline underscores the vulnerability of domestic Chinese industries to shifting global policies and ongoing geopolitical tensions affecting the technology sector.