Shares in Asian chip firms plunge further as AI sell-off continues
Drop comes after South Korean company SK Hynix’s results undershot investors’ expectations. Seoul’s Kospi index slid by as much as 12.6% on Wednesday, following a near 11% slump the previous day.
Drop comes after South Korean company SK Hynix’s results undershot investors’ expectations
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Shares in companies linked to AI have plunged further after disappointing results from the South Korean chipmaker SK Hynix, sending the country’s stock market tumbling for the 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.
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