Samsung and SK Hynix' stock prices fall by over 7%, driving a correction in the KOSPI index
2026-10-13 12:02:08
According to CoinMeta, affected by the progress of storage technology in China and concerns regarding the investment logic of AI, the stock price of Samsung Electronics fell by 7.29%, while that of SK Hynix declined by 8.35%. The South Korean Composite Stock Index KOSPI dropped by 6.05% to 5997.99 points. The South Korean exchange activated a selling-side sidecar mechanism, suspending programmed trading of KOSPI component stocks for 5 minutes. Broadcom CEO Hock Tan stated that the demand for computing power infrastructure exceeds supply, making capital acquisition capacity a limiting factor for AI expansion. The chief investment officer of Eugene Asset Management expressed concerns about whether the upward cycle for semiconductors can continue. Since October, foreign investors have sold South Korean stocks worth over $6 billion net.
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Source:Internet
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