South Korea's KOSPI plunges over 8% as SK Hynix, Samsung lead AI stock rout. RBC Brewin Dolphin analyst says uncertainty over memory chip demand cycle persists but revenues may support higher valuations.
South Korea's KOSPI index fell by over 8% as chipmakers SK Hynix and Samsung joined a tumble in AI stocks. Janet Mui of RBC Brewin Dolphin says traders don't know if memory chip demand is cyclical or in a supercycle, but chipmakers' revenues could justify valuations moving higher.
Quick reaction
One tap helps tune what we surface next.
Reader discussion
Public commentsNo comments yet. Start the discussion around this signal.
Follow this signal
Get updates on this story
We will email you if this changes materially. No spam. Daily brief optional.
Map context
Open map near South Korea
Keep the story in context with nearby live signals, countries, and category movement.
Related coverage
More story pages
Fitch forecasts global oil and gas oversupply to return in Q4 2026, pressuring prices lower.
Fitch predicts global oil and gas market oversupply will resurface in Q4 2026, leading to lower prices.
Fitch forecasts Brent crude at $100-110/bbl in June-July amid Hormuz closure, then falling to ~$70/bbl by September.
Fitch predicts Brent crude will remain at USD 100-110 per barrel in June and July during Hormuz closure, then drop to around USD 70 per barrel by September.
Bending Spoons, owner of Vimeo, Evernote and AOL, files for IPO in the US, joining a wave of European tech firms seeking American listings.
Bending Spoons, which owns digital applications like Vimeo, Evernote and AOL, filed for an initial public offering, joining a string of European tech companies seeking US listings.
Tech sell-off halts AI rally, Middle East tensions push oil higher
Tumbling tech stocks halt AI rally, Middle East escalation lifts oil prices.
More live signals
Continue with the live feed.
The fastest nearby updates load from the public feed, not the enriched story endpoint.