Drop comes after South Korean company SK Hynix’s results undershoot investors’ expectations
Shares in companies linked to AI have plunged further after disappointing results from the South Korean chipmaker SK Hynix, which sent the country’s stock market tumbling for a second day in a row.
Seoul’s Kospi index, which is dominated by semiconductor manufacturers, slid by as much as 12.6% at one point on Wednesday, following on from a near 11% slump the previous day, reaching its lowest level since early April.
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This article was originally published by The Guardian and written by Joanna Partridge.
Read original article on The Guardian