Asian AI Stocks Slump as Top Lab Tech CEOs Urge Pace Slowdown 📉

• Market Impact & Sector Declines - SoftBank Group: Tumbled up to 13.2% in Japan. - Memory & Chipmakers: Kioxia down 9.8%, Tokyo Electron down 3.7%, TSMC down 1.2%, SK Hynix down 5.3%, Samsung Electronics down 3.7%, CXMT down 2.7%, and SMIC down 1.4%. - AI & Hardware Suppliers: Zhongji Innolight fell 4.1%, MiniMax dropped 5.4%, and Z.ai fell up to 10.5% post-discounted share placement. • Driver of the Slump - AI CEO Warnings: Anthropic CEO Dario Amodei called to slow model capability advancement due to misuse risks, backed by xAI's Elon Musk and OpenAI's Sam Altman. - OpenAI IPO Postponed: Sam Altman announced OpenAI will not proceed with an IPO this year over safety concerns. - Safety & Geopolitics: Anthropic detailed threats including weapons creation and cyber ops using Claude AI, while Middle East uncertainties continue to weigh on investor sentiment. • Global Context - U.S. President Donald Trump opposed slowdown calls, emphasizing U.S. industry leadership. - Upcoming U.S.-China bilateral talks are set to address AI safety.