The Zhitong Finance App learned that as investors' concerns about whether the artificial intelligence (AI) boom continued to heat up and market sentiment continued to deteriorate, global chip stocks experienced a further sell-off on Tuesday. Korea's benchmark stock index, the Korea Composite Index (Kospi), once fell 9.6%, triggering a 20-minute trading suspension mechanism on the Korea Exchange. Shares of memory chip giants Samsung Electronics and SK Hynix both fell by at least 11%. The Nikkei 225 Index, which has a high weight on Japanese chips, and the Taiwan Weighted Index (Taiex) both fell by more than 4%.
Zhitongcaijing · 2d ago
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The Zhitong Finance App learned that as investors' concerns about whether the artificial intelligence (AI) boom continued to heat up and market sentiment continued to deteriorate, global chip stocks experienced a further sell-off on Tuesday. Korea's benchmark stock index, the Korea Composite Index (Kospi), once fell 9.6%, triggering a 20-minute trading suspension mechanism on the Korea Exchange. Shares of memory chip giants Samsung Electronics and SK Hynix both fell by at least 11%. The Nikkei 225 Index, which has a high weight on Japanese chips, and the Taiwan Weighted Index (Taiex) both fell by more than 4%.
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