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Chip stocks plunge on funding and competition fears

in5points
  1. South Korea's Kospi index dropped up to 8.1%, its lowest since April 20.

  2. Samsung Electronics Co. and SK Hynix Inc. each fell at least 9%.

  3. Declines driven by circular funding concerns and China competition fears.

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Mukesh Ambani

Network18

Reliance Industries (Mukesh Ambani)

Wikipedia: Mukesh Ambani