Kospi Drops 8% as Samsung, SK Hynix Shares Plunge on AI and Rate Fears
Macro·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
A global selloff in semiconductor stocks dragged South Korea’s equity benchmark down nearly 8% to push it into a bear market, as investors retreat from the frothiest corners of the AI trade.
Asian chipmakers extend Wall Street losses as US Fed rate hike fears and AI funding worries mount; SK Hynix fell 10%+ on the KRX, while Samsung fell ~10%.
SamsungSK Hynix
Sources
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SourceReports the news
“A global selloff in semiconductor stocks dragged South Korea’s equity benchmark down nearly 8% to push it into a bear market, as investors retreat from the frothiest corners of the AI trade.”
Bloomberg — Kospi Drops 8% as Samsung, SK Hynix Shares Plunge on AI and Rate Fears“Lee Ying Shan / CNBC: Asian chipmakers extend Wall Street losses as US Fed rate hike fears and AI funding worries mount; SK Hynix fell 10%+ on the KRX, while Samsung fell ~10% — A sell-off in”
techmeme — Asian chipmakers extend Wall Street losses as US Fed rate hike fears and AI funding worries mount; SK Hynix fell 10%+ on the KRX, while Samsung fell ~10% (Lee Ying Shan/CNBC)