According to CoinMeta, the tech stock crash on Wall Street has spread to Asia, with Japanese and Korean stock markets experiencing heavy losses on Friday due to concerns about stricter regulatory scrutiny and a slowdown in the development of artificial intelligence infrastructure, which triggered the largest decline in the U.S. stock market. The Korean Composite Stock Price Index tumbled by more than 8%, triggering the circuit breaker mechanism, and the Nikkei Index also fell close to 7%. Market participants believe that chip manufacturers and data center equipment suppliers in markets such as South Korea and Japan are particularly vulnerable, and the stock prices of these companies have already seen significant declines on Wednesday and Thursday. moomoo, the CEO of an online brokerage firm based in Australia and New Zealand, stated, "There has been a substantial shift in market sentiment. Market turning points are often accompanied by strong disagreements, which will be reflected in sharp fluctuations in either direction." Nick Ferres, the chief investment officer, said, "For semiconductor and memory stocks, today is expected to be a tough day."