Nikkei, Kospi, Topix: Concern about AI and US inflation - Asian stock prices plummet
Good balance sheet results no longer dispel investor worries. A deep loss of trust is driving chip stocks in South Korea and Japan further down - and with them the indexes.
Asian stock markets plummeted due to growing doubts about the profitability of artificial intelligence (AI) data centers and their suppliers, particularly the chip industry. Samsung Electronics and SK Hynix, two leading memory chip manufacturers, saw significant losses, with Samsung dropping over 8% and SK Hynix over 10%. The Kospi index in South Korea fell to 5,568 points, while Japan's Nikkei-225 index dropped to 64,489 points, with Kioxia losing around 11%.
TSMC's quarterly earnings report, expected to be released soon, may not be enough to boost market sentiment, according to analysts.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
