Japanese, Korean Stocks Tumble as Chip Selloff Intensifies
Japanese and South Korean stocks slid, led by semiconductor shares, as concerns over Nvidia Corp.’s blockbuster AI supply deal and intensifying competition from Chinese chipmakers weighed on investor sentiment.
KOSPI Crashes Over 10% in Chip Rout
- Bourse operator issues circuit breaker for KOSPI on sharp fall Korea Times —
- AI stock sell-off continues as investors dump chipmakers Financial Times —
- (2nd LD) Seoul shares crash over 10 pct on heavy tech selloff amid AI skepticism Yonhap News Agency —
- World shares are mixed, while South Korea’s Kospi sinks nearly 11% on heavy selling of chipmakers The Philadelphia Inquirer —
- Chip stocks are in freefall from Seoul to Wall Street. Amazon, Meta, and Microsoft report this week Quartz —