South Korea falls into bear market as traders fret over AI chipmakers’ prospects
AI Summary
South Korea's Kospi index has plunged into a bear market, dropping over 20% from its June peak, largely due to growing concerns about the future prospects of AI chipmakers like Samsung Electronics and SK Hynix. Investors are jittery, sensing potential headwinds in the semiconductor industry, which is crucial to South Korea's economy. This downturn underscores broader worries about the global tech sector's resilience amid shifting market dynamics and geopolitical tensions.
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