Oil prices slip and Asian shares are mostly lower as investors sell chipmaker stocks

South Korea's Kospi share index falls 7% and other Asian shares are mixed as oil prices surge

Kospi fell 7% as SK Hynix sank 12.8% despite record 60.5-trillion-won profit missing forecasts. AI investment skepticism and China's cheaper models triggering chip sector selloff reshaping enterprise infrastructure vendor selection and budget priorities.