Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Korean Chip Stocks Sink 10% in Pre-Market as AI Fears Deepen
Business & Finance

Korean Chip Stocks Sink 10% in Pre-Market as AI Fears Deepen

Bloomberg Markets Thursday 05 November 2026, 23:35 UTC By Youkyung Lee 1 min read
Key Points

Korean Chip Stocks Sink 10% in Pre-Market as AI Fears Deepen South Korean chip stocks plummeted in pre-market trading, auguring a painful day for the region as fears deepened over how the Democrat sweep of Congress could slow AI infrastructure expansion. Samsung Electronics Co. and SK Hynix Inc. both plunged more than 10% on Nextrade early Friday. Kospi 200 futures finished 7.9% lower as the Nasdaq 100 Index sank 6.4%, wiping out a record $2.3 trillion in market value.

Korean Chip Stocks Sink 10% in Pre-Market as AI Fears Deepen South Korean chip stocks plummeted in pre-market trading, auguring a painful day for the region as fears deepened over how the Democrat sweep of Congress could slow AI infrastructure expansion. Samsung Electronics Co. and SK Hynix Inc. both plunged more than 10% on Nextrade early Friday. Kospi 200 futures finished 7.9% lower as the Nasdaq 100 Index sank 6.4%, wiping out a record $2.3 trillion in market value. An exchange traded fund tracking South Korean stocks tumbled 13% overnight.
Pre-Market (LOCATION) South Korean (ORG) Democrat (ORG) Congress (ORG) Samsung Electronics Co. (ORG) SK Hynix Inc. (ORG) Nextrade (ORG) Kospi (PERSON)
Originally published by Bloomberg Markets Read original →

Related Stories

Is this really the end of LIV Golf, and what's next for some the world's best golfers?

The breakaway LIV Golf League notified a U.S. Bankruptcy Court judge Thursday that it won't move forward with its plans for LIV 2.0 and will shutter the tour. BC Partners Credit pulled its offer of $300 million in financing a day earlier, after its negotiations with top golfers broke down. What's next for LIV Golf stars such as Bryson DeChambeau, Jon Rahm and Cameron Smith?

ESPN 21m ago

Japan Protests Russia’s Seizure of Japan Tobacco Assets

Japan Protests Russia’s Seizure of Japan Tobacco Assets Japan has protested Russia’s seizure of Japan Tobacco International’s local assets, government officials said, the latest development in an escalating diplomatic spat between the two nations. “We have lodged a protest with the Russian government and urged it to take immediate action, such as revoking the measures,” Trade Minister Ryosei Akazawa said at a regular press conference on Friday.

Bloomberg Markets 25m ago

Why Antipodes Portfolio Manager Is Betting on Disney

Nov 6th, 2026 Why Antipodes Portfolio Manager Is Betting on Disney Portfolio manager Vihari Ross of Antipodes Partners explains why Disney is a "genuine value opportunity" amid AI and disruption. Nov 6th, 2026 Why Antipodes Portfolio Manager Is Betting on Disney Portfolio manager Vihari Ross of Antipodes Partners explains why Disney is a "genuine value opportunity" amid AI and disruption.

Bloomberg Markets 26m ago

Canva lays off 1,271 staff, offers six months' pay, MacBooks and healthcare

Losing a job is probably one of the most haunting experiences in a person's professional life. Beyond the sudden loss of a regular income, it can bring myriad uncertainties about the future and finances. Then there are family commitments as well.

Times of India 30m ago