Report
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.
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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