South Korean equities slid to their lowest level in nearly three months on Tuesday, with the benchmark KOSPI index dropping 184.20 points, or 2.71%, to close at 6,622.73.
The broad-based decline was anchored by heavy selling in the technology sector, where memory chipmaker SK Hynix faced renewed pressure from investors unwinding positions in artificial intelligence hardware.
SK Hynix shares tumbled more than 12% in Thursday trading, leading a sharp retreat across the region’s semiconductor names.
The sell-off marks a continuation of the volatility that has plagued Asian tech shares over the past week.
SK Hynix shares tumbled more than 12% in Thursday trading, leading a sharp retreat across the region’s semiconductor names.
The memory chipmaker’s steep decline has since dragged down broader market sentiment, with Samsung Electronics also posting significant losses in early morning trade as it tracked a broader selloff in US technology shares.
Investors appear to be rotating out of high-multiple AI hardware plays amid concerns over valuation sustainability and potential demand normalization.