Asian chip stocks slide as AI sentiment sours
Seoul's main stock index fell about 3% as Samsung and SK Hynix shares dropped, with foreign investors selling heavily.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
South Korea's KOSPI index fell 3% as semiconductor stocks, including Samsung and SK Hynix, declined on concerns tied to OpenAI. Foreign investors net sold 566 billion won. A sell-off in U.S. chip shares then spread to Asian technology stocks, pushing down SK Hynix and SoftBank shares.
Why it matters
The reports describe the drop as a shift in AI sector sentiment that hit major chip shares in the region.
Timeline
- Oct 11, 9:40 PM ET: The KOSPI fell 3% as semiconductor stocks slid on OpenAI concerns and foreign investors net sold 566 billion won.
- Oct 12, 10:08 PM ET: Asian technology stocks tumbled as a U.S. semiconductor sell-off spilled into regional markets, pushing SK Hynix and SoftBank shares down.
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