Samsung, SK Hynix slide amid Nvidia financing worries, China competition
SEOUL: South Korean chip stocks slumped on Tuesday, with Samsung Electronics and SK Hynix falling as much as 9.5% and 10.9%, respectively, as investors dumped AI-related bets amid mounting concerns over financing risks tied to AI infrastructure spending and intensifying competition from China.
SK Hynix’s U.S.-listed shares had already slumped overnight, closing at $143.02, below their initial public offering price of $149.
