Shares in Asian chip firms plunge further as AI sell-off continues

Shares in Asian chip firms plunge further as South Korean SK Hynix’s results undershoot investors’ expectationsBusiness live – latest updatesLondon’s FTSE 100 stock index has touched a fresh high, driven by strong corporate results as investors moved money away from tech and semiconductor stocks amid the global tech stock sell-off.The UK’s blue chip index rose as high as 10,951 points on Wednesday morning, before falling back slightly, its best since the level hit on 27 February, the day before the US and Israel began attacks on Iran and sparked stock market volatility.