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South Korea’s Kospi drops more than 7% in chip-share sell-off

CNBC reports Asian tech stocks fell as U.S. semiconductor losses spread, amid worries about AI financing and competition.

Neil Sethi NEW accountNS
CNBCCN
Financial TimesFT
29 Sources, 1d ago, first seen 1d ago

TLDR

AP reports South Korea’s Kospi fell more than 7% Tuesday in a chip-share sell-off. CNBC says U.S. semiconductor losses spilled into Asian markets, where worries about AI financing and intensifying competition weighed on sentiment. It reports SK Hynix and Samsung shares hit their lowest levels since August, while SoftBank Group fell 8% in Japan.

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467.8K

29 Sources, first seen 1d ago

625 likes167 comments60 saves101 reposts

Combined views

467.8K

29 Sources, first seen 1d ago

625 likes167 comments60 saves101 reposts
Image: @Reuters on X

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29 Sources

Neil Sethi NEW account@neilsethinewThe selloff in US semiconductor shares has echoed to Asia where South Korea's Kospi fell over 6% with Samsung Electronics Co. and SK Hynix Inc. shares dropped more than 7% each. "The Kospi is now down a third from the record high it reached in June, and has fallen below its 200-day moving average. Foreigners have accelerated their exit, selling more than $6 billion worth of Kospi shares on a net basis in October." Adding to existing concerns that China’s CXMT Corp. has made progress on a new memory architecture that Samsung and SK Hynix are also working on, Broadcom CEO Hock Tan said many "investors have no clue what they are investing in," and warned that insufficient capital could become the next constraint on the industry’s growth. Tan said AI model developers need to find customers that can generate returns from deploying the technology, rather than relying on users who are now “wasting money” on tokens as they experiment with AI. “When you are a kid you go to a video arcade, you play. Your parents give you $10 of tokens, you finish it in 10 minutes and you haven’t learned anything,” he said. “That’s what happening in enterprises today.”1d
CNBC@CNBCSK Hynix, SoftBank shares plunge as tech stocks in Asia track Wall Street sell-off https://www.cnbc.com/2026/10/13/sk-hynix-softbank-samsung-electronics-shares-tech-stocks-fall.html?taid=6acd9332d9017d000112f7d0&utm_campaign=trueanthem&utm_content=main&utm_medium=social&utm_source=twitter1d
Financial Times@FTChip stocks slide as fears mount over scale of AI investment https://ft.trib.al/wLdXWbx23h
The Independent@IndependentSouth Korea's Kospi index sinks more than 7% on sell-off of semiconductor shares over AI boom worries https://trib.al/OO2VxVu23h
The Associated Press@APSouth Korea’s benchmark Kospi index dropped more than 7% on Tuesday on a sell-off of chip shares. https://apnews.com/article/stocks-markets-us-tech-oil-mideast-a2edaf9ec297fb75ff2a4e245063ec08?taid=6acda27cf6e6430001068d91&utm_campaign=TrueAnthem&utm_medium=AP&utm_source=Twitter23h
The Business Times@BusinessTimesSouth Korea shares fall as Asian stocks decline, tracking US chip losses https://buff.ly/QKcpPeC23h
Reuters@ReutersAsian stocks dive on AI jitters ahead of US bank earnings https://reut.rs/3U0wtvd https://reut.rs/3U0wtvd22h
Peter Spina ⚒ GoldSeek | SilverSeek@goldseekBubble trouble? South Korea’s Kospi index sinks more than 7% on semiconductor share sell-off over AI boom worries:19h
Bloomberg@businessInvestor agitation over tech stocks is growing, not helped by a prominent tech CEO comparing parts of the AI trade to a casino: Evening Briefing Asia https://www.bloomberg.com/news/newsletters/2026-10-13/investor-concern-over-ai-valuations-sends-tech-stocks-sliding?taid=6acdf69ff6e6430001068f25&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter17h
Barron's@barronsonlineKOSPI Slumps as U.S. AI Chip Panic Spreads https://trib.al/KLPszBU17h
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    29 Sources

    Neil Sethi NEW account@neilsethinewThe selloff in US semiconductor shares has echoed to Asia where South Korea's Kospi fell over 6% with Samsung Electronics Co. and SK Hynix Inc. shares dropped more than 7% each. "The Kospi is now down a third from the record high it reached in June, and has fallen below its 200-day moving average. Foreigners have accelerated their exit, selling more than $6 billion worth of Kospi shares on a net basis in October." Adding to existing concerns that China’s CXMT Corp. has made progress on a new memory architecture that Samsung and SK Hynix are also working on, Broadcom CEO Hock Tan said many "investors have no clue what they are investing in," and warned that insufficient capital could become the next constraint on the industry’s growth. Tan said AI model developers need to find customers that can generate returns from deploying the technology, rather than relying on users who are now “wasting money” on tokens as they experiment with AI. “When you are a kid you go to a video arcade, you play. Your parents give you $10 of tokens, you finish it in 10 minutes and you haven’t learned anything,” he said. “That’s what happening in enterprises today.”1d
    CNBC@CNBCSK Hynix, SoftBank shares plunge as tech stocks in Asia track Wall Street sell-off https://www.cnbc.com/2026/10/13/sk-hynix-softbank-samsung-electronics-shares-tech-stocks-fall.html?taid=6acd9332d9017d000112f7d0&utm_campaign=trueanthem&utm_content=main&utm_medium=social&utm_source=twitter1d
    Financial Times@FTChip stocks slide as fears mount over scale of AI investment https://ft.trib.al/wLdXWbx23h
    The Independent@IndependentSouth Korea's Kospi index sinks more than 7% on sell-off of semiconductor shares over AI boom worries https://trib.al/OO2VxVu23h
    The Associated Press@APSouth Korea’s benchmark Kospi index dropped more than 7% on Tuesday on a sell-off of chip shares. https://apnews.com/article/stocks-markets-us-tech-oil-mideast-a2edaf9ec297fb75ff2a4e245063ec08?taid=6acda27cf6e6430001068d91&utm_campaign=TrueAnthem&utm_medium=AP&utm_source=Twitter23h
    The Business Times@BusinessTimesSouth Korea shares fall as Asian stocks decline, tracking US chip losses https://buff.ly/QKcpPeC23h
    Reuters@ReutersAsian stocks dive on AI jitters ahead of US bank earnings https://reut.rs/3U0wtvd https://reut.rs/3U0wtvd22h
    Peter Spina ⚒ GoldSeek | SilverSeek@goldseekBubble trouble? South Korea’s Kospi index sinks more than 7% on semiconductor share sell-off over AI boom worries:19h
    Bloomberg@businessInvestor agitation over tech stocks is growing, not helped by a prominent tech CEO comparing parts of the AI trade to a casino: Evening Briefing Asia https://www.bloomberg.com/news/newsletters/2026-10-13/investor-concern-over-ai-valuations-sends-tech-stocks-sliding?taid=6acdf69ff6e6430001068f25&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter17h
    Barron's@barronsonlineKOSPI Slumps as U.S. AI Chip Panic Spreads https://trib.al/KLPszBU17h
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