IT - Technology

South Korean chip stocks slide after overnight US selloff on AI boom concerns

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Shares of South Korean memory ​chipmakers Samsung Electronics ‌and SK Hynix fell as much as ​4.4% and 5%, ​respectively, in early morning ⁠trade on Wednesday, ​tracking a broad selloff in ​U.S. semiconductor stocks after investors grew increasingly concerned ​about the sustainability ​of the AI-driven chip boom.

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