WS #12972
KOSPI plunges 8% as chip stocks collapse; SK Hynix falls 12.6%, Samsung drops 8%, driven by AI investment doubts and profit misses. Teradyne (TER) rallies 9% pre-market after Q2 revenue doubles to $1.33B, beating estimates by $110M, driven by AI chip testing demand. Apple's market cap surpasses $5 trillion, reclaiming the title of most valuable tech company from Nvidia.
South Korea tech rout deepens
KOSPI plunges 8% as chip stocks collapse; SK Hynix falls 12.6%, Samsung drops 8%, driven by AI investment doubts and profit misses.
Teradyne (TER) rallies 9% pre-market after Q2 revenue doubles to $1.33B, beating estimates by $110M, driven by AI chip testing demand.
Apple's market cap surpasses $5 trillion, reclaiming the title of most valuable tech company from Nvidia.