Seoul Market Plunges 5% as Memory Chip Rally Cracks
KOSPI triggered circuit breaker as SK Hynix tumbled 10% on profit-taking, while Samsung Electronics shed 6% amid questions over sustainability of AI-driven semiconductor gains
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KOSPI triggered circuit breaker as SK Hynix tumbled 10% on profit-taking, while Samsung Electronics shed 6% amid questions over sustainability of AI-driven semiconductor gains

South Korean conglomerate's chairman signals significantly larger investment plans following SK Hynix's record $26.5 billion ADR offering

The South Korean memory chipmaker will begin ADR book-building on July 6, with trading set to start July 10 in one of the year's largest global offerings

Chipmakers SK Hynix and Samsung face steep losses after Meta signals capacity concerns, testing the resilience of Asia's AI-fueled equity surge

The Korean chipmaker plans to pay banks just 0.5 percent on a deal that could raise $26.5 billion, reflecting investor appetite for AI-linked semiconductor plays

Samsung and SK Hynix shed up to 14% on the second day of sharp losses, as AI demand doubts and weak US tech sentiment weigh on Asia's semiconductor leaders.