Samsung and SK Hynix Drop More Than 7% on AI and China Fears
Photo: TokenPost
Samsung Electronics and SK Hynix fell more than 7% in Seoul trading as concerns about China’s memory-chip advances combined with growing doubts over AI valuations and the durability of the semiconductor cycle. Samsung Electronics dropped 7.29% and SK Hynix declined 8.35% by 11:20 p.m. ET Monday (03:20 UTC Tuesday). The KOSPI fell 6.05% to 5,997.99, prompting South Korea’s exchange to halt program trading in KOSPI stocks for five minutes. ChangXin Storage recently disclosed key progress on a memory-chip architecture also being developed by Samsung and SK Hynix.
Source: TokenPost
