Seoul stocks plunge 8% as Samsung, SK hynix shares tumble
South Korean stocks plunged nearly eight percent at close Thursday as tech giants Samsung and SK hynix tumbled on fears of slowing AI chip demand.
The slide on the Kospi market was triggered by a tech-led rout just days after the companies announced a massive investment in a chip-building hub and AI data centres in South Korea.
Latest stories
Sports Panthers lose Moton to blood clot as NFL camps open
Carolina Panthers right offensive tackle Taylor Moton will miss the start of the upcoming NFL season after being diagnosed with a blood clot in a...
Latin America At least 41 dead in Guyana capsized ferry disaster
At least 41 people died after a ferry capsized off the coast of Guyana over the weekend...
Arts and Entertainment EU cancels subsidy to Venice Biennale over Russia presence
The European Union said Tuesday that it had definitively cancelled a two million euro ($2.3 million) grant to the Venice Biennale over Russia's presence at...