BUSINESSAP NEWS
Asian shares slip and South Korea’s Kospi index sinks 10% on heavy selling of chipmaking stocks
South Korea’s Kospi index fell over 10% due to heavy selling of chipmaking stocks like Samsung Electronics and SK Hynix, driven by concerns over competition from Chinese AI startups. Asian markets broadly declined, with the Nikkei 225 and Taiex dropping 4% and 3.9% respectively, while oil prices fell amid reduced U.S.-Iran tensions.
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- Asian shares slip and South Korea’s Kospi index sinks 10% on heavy selling of chipmaking stocks
- Asian shares slip and South Korea’s Kospi index sinks 10% on heavy selling of chipmaking stocks
- Asian shares slip and South Korea’s Kospi index sinks 11% on heavy selling of chipmaking stocks
- South Korea’s Kospi index sinks more than 10% on heavy selling of chipmaking stocks
- Asian shares mostly decline with South Korea's Kospi down 6.6%, while oil prices slip
- Asian shares drop, with South Korea's Kospi down more than 5%