WS #16924
South Korea's KOSPI index plunged over 5%, triggering program-selling halts, as investors reassessed the profitability of the AI trade. SK Hynix and Samsung Electronics fell sharply on concerns regarding data-center return on investment and potential tightening of US AI export rules. This selloff contrasts with US tech resilience, highlighting a divergence in global sentiment toward semiconductor valuations.
Asian Tech Rout and AI Capex Repricing
South Korea's KOSPI index plunged over 5%, triggering program-selling halts, as investors reassessed the profitability of the AI trade. SK Hynix and Samsung Electronics fell sharply on concerns regarding data-center return on investment and potential tightening of US AI export rules. This selloff contrasts with US tech resilience, highlighting a divergence in global sentiment toward semiconductor valuations.