South Korea’s KOSPI Closes Down 5.46% After Chip Selloff
The benchmark KOSPI closed down 5.46%. A temporary trading curb was triggered as concerns over Chinese memory-chip competition and a broader retreat from AI-linked stocks rattled the tech-heavy market.
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07:25:18 AM UTC
SquawkNews
By Kwanwoo JunSouth Korean stocks slumped, dragged by a selloff in semiconductor shares that triggered a temporary trading halt to curb volatility, the first since July.Concerns about intensifying competition from Chinese chip makers, including ChangXin Memory Technologies, known as CXMT, weighed o…
South Korea’s benchmark KOSPI tumbled on Tuesday, prompting a temporary trading curb as worries about intensifying competition from Chinese memory-chip makers and a wider pullback in AI-linked stocks unsettled the tech-heavy market. 4…