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South Korean Stocks Tumble 6% as AI Jitters Hurt Chipmakers

South Korean Stocks Tumble 6% as AI Jitters Hurt Chipmakers
Bloomberg Markets Thursday 02 July 2026, 00:23 UTC By Sangmi Cha 1 min read
Key Points

South Korean Stocks Tumble 6% as AI Jitters Hurt Chipmakers South Korean stocks slumped as Meta Platform Inc.’s plan to sell computing power raised questions over excess in AI capacity, driving a selloff in chipmakers. The Kospi Index fell as much a 6.5%, with Samsung Electronics Co. and SK Hynix Inc. both losing at least 7% each. The bourse temporarily suspended program selling following an outsized drop in Kospi futures.

South Korean Stocks Tumble 6% as AI Jitters Hurt Chipmakers South Korean stocks slumped as Meta Platform Inc.’s plan to sell computing power raised questions over excess in AI capacity, driving a selloff in chipmakers. The Kospi Index fell as much a 6.5%, with Samsung Electronics Co. and SK Hynix Inc. both losing at least 7% each. The bourse temporarily suspended program selling following an outsized drop in Kospi futures. US peers Micron Technology Inc. and Sandisk Corp. both closed down more than 10%.
South Korean (ORG) Meta Platform Inc.’s (ORG) Kospi (PERSON) Samsung Electronics Co. (ORG) SK Hynix Inc. (ORG) US (LOCATION) Micron Technology Inc. (ORG) Sandisk Corp. (ORG)
Originally published by Bloomberg Markets Read original →

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