South Korea's Kospi tumbles 6% as SK Hynix slide, AI spending worries trigger chip selloff
South Korea's Kospi index dropped significantly due to chipmaker weakness. SK Hynix reported earnings that missed market expectations, causing its shares to fall. This selloff reflects investor concerns over high valuations for artificial intelligence-linked stocks. Other Asian markets also experienced declines, particularly in the semiconductor sector. Wall Street's Nasdaq saw a slight dip as AI stocks remained under pressure.
South Korea's Kospi index dropped significantly due to chipmaker weakness. SK Hynix reported earnings that missed market expectations, causing its shares to fall. This selloff reflects investor concerns over high valuations for artificial intelligence-linked stocks. Other Asian markets also experienced declines, particularly in the semiconductor sector. Wall Street's Nasdaq saw a slight dip as AI stocks remained under pressure.
