Shares in Asian chip firms plunge further as AI sell-off continues
- Shares in companies linked to AI have plunged further after disappointing results from the South Korean chipmaker SK Hynix, which sent the country’s stock market tumbling for a second day in a row.
- Seoul’s Kospi index, which is dominated by semiconductor manufacturers, slid by as much as 12.6% at one point on Wednesday, following on from a near 11% slump the previous day, reaching its lowest level since early April.
- The market is poised for a record two-day fall, and a remarkable drop of more than 40% from a peak reached a little over a month ago.
Unverified
- Shares in companies linked to AI have plunged further after disappointing results from the South Korean chipmaker SK Hynix, which sent the country’s stock market tumbling for a second day in a row.
- Seoul’s Kospi index, which is dominated by semiconductor manufacturers, slid by as much as 12.6% at one point on Wednesday, following on from a near 11% slump the previous day, reaching its lowest level since early April.
- The market is poised for a record two-day fall, and a remarkable drop of more than 40% from a peak reached a little over a month ago.
Sources: Guardian