ChipsBloomberg Techabout 2 hours ago
Korean Chip Stocks Sink 10% on AI Fears
1 min read
South Korean chip stocks plummeted as fears deepened over how the Democrat sweep of Congress could slow the artificial intelligence buildout. Samsung Electronics Co. and SK Hynix Inc. plunged more than 10% each in early Friday trading, dragging the benchmark Kospi down 8.8%. The Korea exchange halted trading for 20 minutes shortly after the open.
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