At market open, Korean chipmakers' stocks plunged, with Samsung Electronics dropping 9%+, SK Hynix down 11%+, and the Korea Composite Stock Price Index down 8%+ (Youkyung Lee/Bloomberg)
The rout centered on Korea’s chip trade, with Samsung and SK Hynix leading the fall.
Techmeme’s note says South Korea’s KOSPI dropped more than 11% as semiconductor shares sold off. The cited Bloomberg item ties the move to concerns over China’s chipmaking progress and doubts around the AI spending boom. Samsung fell more than 11%, while SK Hynix dropped about 12%. Techmeme's note
Techmeme’s note says South Korea’s KOSPI dropped more than 11% as semiconductor shares sold off. The cited Bloomberg item ties the move to concerns over China’s chipmaking progress and doubts around the AI spending boom. Samsung fell more than 11%, while SK Hynix dropped about 12%. Techmeme's note
score 6