As concerns about competition and AI stocks have risen too high, the stock prices of Samsung Electronics and SK Hynix continued to decline. Both stocks fell more than 5% on Tuesday, leading to five consecutive declines; US chipmaker stock prices also fell overnight, and Micron Technology fell 3.9%. Korea's benchmark index, KOSPI, also fell by more than 5%. At 9:47 a.m. local time, after Kospi 200 index futures fell by more than 5%, the Korea Exchange also launched the so-called sidecar mechanism to suspend Kospi's programmatic sales for 5 minutes. At the same time, Broadcom's CEO's remarks about investing in AI stocks are gambling heightened market concerns. The Korean chipmaker's “valuation and stock price seem to be being dragged down by uncertainty about whether the boom cycle will continue until 2028 and beyond,” said Ha Seok Keun, chief investment officer at Eugene Asset Management.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.