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Gone quietEconomy

Kospi plunge on chip sell-off

A global chip stock sell-off deepened on Tuesday after Broadcom's CEO likened AI investing to a casino. Samsung fell as much as 8.8% and SK Hynix 9.2%, dragging the Kospi sharply lower.

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13 Oct
The latest development

ReutersTue 13 Oct · 07:35 UTC

'Brutal session' for chip stocks shows AI trade is turning A selloff in AI supplier shares on Tuesday is the strongest…

01Developments

Developments

Tuesday 13 October

2 developments
  1. 05:05 UTC· the latest

    Chip sell-off deepens, Samsung and SK Hynix tumble

    Samsung fell as much as 8.8%, SK Hynix 9.2% and Micron 4% after Broadcom's CEO likened AI investing to a casino. Asian stocks dived on AI jitters and Mideast conflict worries.

    3 sourcesReuters, Techmeme
    • ReutersBlueskyTue 13 Oct, 04:10

      Asian stocks dive on AI jitters ahead of US bank earnings Asian stocks fell sharply on Tuesday as investors fretted about ​the durability of the rally in AI shares and increased competition while a widening conflict in the Middle East soured risk ‌sentiment ahead of the tone-set
      The original post
    • TechmemeRSSTue 13 Oct, 05:05

      A global chip stock sell-off deepens after Broadcom's CEO likened AI investing to a casino, with Samsung down as much as 8.8%, SK Hynix 9.2%, and Micron 4% (Financial Times) Financial Times: A global chip stock sell-off deepens after Broadcom's CEO likened AI investing to a casi
      The original post
    • ReutersBlueskyTue 13 Oct, 07:35

      Brutal session' for chip stocks shows AI trade is turning A selloff in AI supplier shares on Tuesday is the strongest sign to date that the mood on the trade of ​the decade is shifting, with worries rising interest rates could scupper a spending spree bigger than America's hist
      The original post
  2. 03:16 UTC

    Kospi drops over 7% on chip share sell-off

    South Korea's benchmark index fell more than 7% on Tuesday and Asian shares mostly declined after US stocks ended mixed.

    SeoulKR

    1 sourceAssociated Press
    • Associated PressBlueskyTue 13 Oct, 03:16

      South Korea’s benchmark Kospi index dropped more than 7% on Tuesday on a sell-off of chip shares. South Korea’s benchmark Kospi index has dropped more than 7% on Tuesday on a sell-off of chip shares and Asian shares mostly declined after U.S. stocks ended mixed.
      The original post
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What it looked like.

Tue 13 Oct · 07:35 · Reuters

'Brutal session' for chip stocks shows AI trade is turning A selloff in AI supplier shares on Tuesday is the strongest…

Chip sell-off deepens, Samsung and SK Hynix tumble

Tue 13 Oct · 04:10 · Reuters

Asian stocks dive on AI jitters ahead of US bank earnings Asian stocks fell sharply on Tuesday as investors fretted…

Chip sell-off deepens, Samsung and SK Hynix tumble

Tue 13 Oct · 03:16 · Associated Press

South Korea’s benchmark Kospi index dropped more than 7% on Tuesday on a sell-off of chip shares. South Korea’s…

Kospi drops over 7% on chip share sell-off