- Chip stocks are in freefall from Seoul to Wall Street. Amazon, Meta, and Microsoft report this week Quartz —
- World shares are mixed, while South Korea’s Kospi sinks nearly 11% on heavy selling of chipmakers The Philadelphia Inquirer —
- (2nd LD) Seoul shares crash over 10 pct on heavy tech selloff amid AI skepticism Yonhap News Agency —
- AI stock sell-off continues as investors dump chipmakers Financial Times —
- Bourse operator issues circuit breaker for KOSPI on sharp fall Korea Times —
- The Chips Rout Goes Global The New York Times —
- AI sell-off intensifies as investors ditch chip stocks The Guardian —
- 'Black Tuesday': Seoul stocks crash over 10% as chip rout deepens Korea Times —
- Seoul shares sharply down late Tues. morning on tech slump Korea Times —
- Korean Stocks Sink as Chipmakers Plunge on Deepening AI Fatigue Bloomberg —
- Chip stocks fall as South Korea's Kospi plunges 10% before earnings Yahoo Finance —
- AI memory, chip stocks fall after Korea's Kospi, Japan's Nikkei slump Seeking Alpha —
KOSPI Crashes Over 10% in Chip Rout
The crash in Seoul triggered a broader global sell-off, with Nasdaq-100 futures dropping more than 1% and European chip shares tumbling.
The panic was fueled by a report that Chinese company CXMT had begun mass-producing immersion deep-ultraviolet lithography machines, threatening the dominance of South Korean chipmakers.
The sell-off deepened as investors worried about excessive corporate debt levels in the AI buildout.
The rout marked the worst day for South Korean stocks since March and erased billions in market value.
KOSPI
Stock market index
Stock market index
Samsung Electronics
South Korean multinational electronics corporation
South Korean multinational electronics corporation
SK Hynix
South Korean memory semiconductor supplier
South Korean memory semiconductor supplier
Changxin Memory Technologies
Chinese semiconductor manufacturer
Chinese semiconductor manufacturer