FinanceFinancial Express
Why is Kospi down over 6000 points? Chip valuation fears drag South Korea index down 10%
in5points
South Korea's Kospi index plunged nearly 10%, falling over 6,000 points.
The decline was driven by fears over Chinese chip competition and cooling AI chip spending.
Market circuit breakers were triggered, and selloffs spread across Asian markets.
Investors are wary of high AI chip valuations, impacting major companies like SK Hynix and Samsung.
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