A Meta cloud plan triggered a global memory-chip rout from Seoul to Wall Street. Why Asia's AI boom is now one connected trade — and what it means for Latin
Rio Times · Analysis
Key Facts
—What happened A Meta plan to lease out spare AI computing power triggered a global memory-chip selloff on 2 July 2026.
—Seoul The Kospi fell 7.89% in a single day, its steepest drop of the year, wiping out roughly 569 trillion won in market value.
—The giants SK Hynix sank about 14.6% and Samsung Electronics fell 9.06%, dragging an index they now dominate.
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