✉news WorldWorld first seen 2 d ago, last 2 d ago, peak #29
Seoul shares plunge over 7% on chip rout
Original: Seoul shares crash over 7 pct on chip rout amid AI, inflation woes
South Korean stocks suffered a steep selloff, with the Seoul market falling more than 7% as semiconductor shares tumbled. The rout reflects growing anxiety over high valuations in the artificial intelligence sector combined with persistent inflation concerns that have unsettled investors globally. Chipmakers, central to South Korea's export-driven economy, led the decline, intensifying fears about the sustainability of the AI-driven rally in global markets.
Why now: A sharp single-day stock market crash tied to the AI and chip sector raises fears of a broader tech selloff.
SeoulSouth Koreasemiconductor industry
Evidence
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