Tech stocks plunge in Asia after record rally and renewed Middle East attacks

Asian technology stocks experienced a sharp reversal after a period of sustained gains, with major regional indices posting significant declines. The sell-off was driven by a combination of profit-taking following the recent rally and heightened geopolitical risks stemming from renewed Middle East tensions, which typically weigh on risk appetite and drive capital flows toward safer assets.

Markets are likely to remain sensitive to further developments in the Middle East, with investor focus shifting toward how escalating tensions might impact commodity prices, particularly oil, and broader market volatility. Key tech indices across the region will serve as a barometer for risk sentiment, while traders monitor central bank responses and any signals that geopolitical pressures could influence monetary policy decisions in coming weeks.