KOSPI collapses due to worsening AI investment sentiment... US data center regulations and credit and investment noise.
US stocks plummeted on 5th, with the three major indexes in New York all experiencing a sharp decline. The panic selling spread from the semiconductor sector to the broader market, with tech giants such as Microsoft, Meta, and Nvidia seeing significant losses. The sell-off was triggered by concerns over delayed data center construction due to pressure from US Democrats, including Senator Bernie Sanders and Texas Governor-elect Gina Hinojosa, who expressed worries about the environmental and social impact of data centers.
The Nasdaq composite index fell 5.52%, with semiconductor stocks such as Micron, Qualcomm, and AMD experiencing significant declines.
Written by urgent.news from Hankyoreh's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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