South Korean stocks plunged nearly eight percent at close Thursday as tech giants Samsung and SK hynix tumbled on fears of slowing AI chip demand. The slide on the Kospi market was triggered by a tech-led rout just days after the companies announced a massive investment in a chip-building hub and AI data centres in South Korea.

Shares of Samsung Electronics and SK Hynix plummeted more than 7% in early Thursday trading.

SK Hynix, Samsung, and SoftBank plunge as Asian semiconductor stocks sell off sharply following a US tech rout driven by AI valuation concerns.

South Korean stocks plunged nearly eight percent at close Thursday as tech giants Samsung and SK hynix tumbled on fears of slowing AI chip demand. The slide on the Kospi market…