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At market open Korean chipmakers' stocks plunged, with Samsung Electronics dropping 11%+, SK Hynix down 12%+, and the Korea Composite Stock Price Index down 9%+ (Youkyung Lee/Bloomberg)

AI summary

Korean chipmakers' stocks experienced a significant plunge at market open, with Samsung Electronics dropping over 11% and SK Hynix falling more than 12%. This downturn also impacted the Korea Composite Stock Price Index, which saw a decline of over 9%. The plunge was attributed to worsening investor sentiment regarding the artificial intelligence boom, particularly affecting the nation's memory chipmaking powerhouses.

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IngestedOffset at this time: UTC+0Jul 28, 2026, 05:00 UTC

Ingested
Jul 28, 2026, 05:00
Source type
Unclassified