Lates News

As the global chip stock selloff continues, investors are growing increasingly cautious about the sustainability of the AI investment boom and the earnings prospects of related companies, sending Japanese and South Korean stock markets lower at the open. The Nikkei 225 fell more than 3% during intraday trading, with Kioxia dropping over 8%. South Korea's KOSPI index declined for a seventh consecutive trading day, falling as much as 6% at one point intraday, hitting its lowest level since July 31. Semiconductor heavyweights were the main drag, with Samsung Electronics shares falling more than 7% and SK Hynix shares dropping over 8%. Subsequently, the Korea Exchange activated a sidecar mechanism on the KOSPI index, halting program selling.