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 experienced a sharp decline of nearly 8% on Thursday, hitting their lowest point in over three weeks. This downturn was primarily driven by a global selloff in…

South Korean stocks dipped nearly 8 percent Thursday, dragged down by a sharp sell-off in semiconductor shares as investor sentiment soured amid renewed concern

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…

Samsung Electronics and SK Hynix shares plunged as much as 14% as South Koreas Kospi extended its sharp selloff for a second day. The decline was triggered by renewed concerns…

South Korean stocks dipped nearly 8 percent Thursday, dragged down by a sharp sell-off in semiconductor shares as investor sentiment soured amid renewed concerns over excess…

South Korea's KOSPI dropped 10% in a single session as AI trade concerns hit Samsung and SK Hynix. Foreign investors sold over $10B in shares during June.