Nasdaq slump drags Samsung and SK Hynix lower as AI-capex push intensifies
TL;DR Summary
Samsung Electronics and SK Hynix tumbled on a broad Nasdaq-driven tech selloff, wiping out billions in value and pulling Korea’s Kospi lower. SK Hynix outlined a large Korea-focused investment plan to expand memory and AI chip production (M17 and related facilities) as it and the industry bet on rising demand for AI infrastructure, with government backing a nationwide push toward AI data centers and a national semiconductor ecosystem; SK Hynix is also preparing to begin trading ADRs on Nasdaq.
- Samsung Electronics, SK Hynix shares tumble over 7% as chip rout spreads from Wall Street CNBC
- Asian Stocks to Decline as Traders Weigh AI, Warsh: Markets Wrap Bloomberg.com
- Asian shares fall as chipmakers drag; US jobs data looms Reuters
- Korea sinks as AI chip selloff deepens; Japan suppliers tumble Investing.com
- South Korea's Kospi falls in volatile trade as investors look beyond the chip boom Business Insider
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