Kospi plunges 8% as AI investors fear rally is overblown; trading halted for 20 mins

South Korea’s Kospi index experienced a significant 8% drop, led by chip stocks. Investors questioned the sustainability of record earnings driven by artificial intelligence demand. Samsung Electronics and SK Hynix, major index components, saw substantial declines. Other sectors like battery and shipbuilding also faced considerable losses. Foreign investors continued to be net sellers of South…

What could shape Samsung’s growth in the coming quarters?

Samsung Electronics has projected a record-breaking second quarter, with operating profit expected to surge 19-fold on strong demand for AI-related memory chips. While the outlook for its semiconductor business remains robust, investors are watching whether the current AI-driven spending cycle can sustain Samsung’s growth momentum.Samsung Electronics has projected a record-breaking second quarter, with operating profit…