Asian markets slump amid chip sell

Asian markets slump amid chip sell-off; Nikkei falls over 3% Asian stocks fell for a second day due to a chipmaker selloff over AI investment concerns. Oil rose. Nikkei 225 dropped 3.9%, MSCI Asia Pacific Index lost 0.8%. Kioxia Holdings Corp. fell 16%. By CNBCTV18.com Asian stocks dropped for a second day as a selloff in chipmakers intensified due to growing apprehension that large investments in artificial intelligence would not warrant exorbitant prices. Oil rose. The Nikkei 225 Stock Average in Japan fell 3.9%, which was the main cause of the 0.8% loss in the MSCI Asia Pacific Index. The…