South Korea’s KOSPI Falls 5.5% as AI Chip Selloff Hits Samsung, SK Hynix
South Korea’s KOSPI fell 5.5% as the global selloff in AI-linked chip stocks hit the country’s biggest technology names, with Samsung Electronics down 6.4% and SK Hynix tumbling 9.9%.
The decline adds to a broader retreat that accelerated after Broadcom’s outlook disappointed investors expecting faster AI-chip growth and then deepened when a stronger-than-expected US jobs report showed May payrolls rose 172,000, reducing expectations for Federal Reserve rate cuts. In the US, the Nasdaq slid almost 5% in its biggest one-day drop since April 2025, US-traded chipmakers lost about $1.3 trillion in market value and Nvidia fell below a $5 trillion valuation.
From the sources (25 posts)
@cnbcEuropean stocks set for mixed open after global tech sell-off
@reutersRT @ReutersOI: 🔊 The latest US jobs report looms, South Korean shares slide amid the broader chip sell-off and private credit nerves grow.…
@zerohedgeRT @themarketear: The first crack? KOSPI just got slammed, SK Hynix is down nearly 10%, and one of the market's most crowded trades is fac…
@reuters📉 Broadcom just clocked up one of the worst single-day falls in Wall Street history — and South Korea's stock market is feeling the pain. We break it down on today's Reuters Morning Bid podcast
@zerohedgeFutures Drop On Souring Chipmaker Sentiment, Kospi Plunge
@reutersInvestors dumped tech stocks after Broadcom's earnings pumped the brakes on the AI rally, rotating into sectors tied to a resilient economy. Rory McPherson from Magnus says it a 'stark reminder of sky-high expectations'
@businessA record weekly run for US stocks was in danger before the bell on Friday, as a rotation out of AI stocks continued and traders awaited payrolls data
@thestalwartStock futures extend their declines
@zerohedge*NASDAQ 100 FUTURES EXTEND DROP TO 1.5%
@firstsquawkNASDAQ 100 FUTURES EXTEND DROP TO 1.5 PCT
@financialjuice🔴 MOO IMBALANCE S&P 500: 134.6 MLN NASDAQ 100: 69.1 MLN DOW 30: 40.8 MLN MAG 7: 11.5 MLN $MACRO
@firstsquawkS&P 500 DOWN 52.48 POINTS, OR 0.69 PERCENT, AT 7,531.83 AFTER MARKET OPEN NASDAQ DOWN 321.79 POINTS, OR 1.20 PERCENT, AT 26,509.17 AFTER MARKET OPEN DOW JONES UP 24.41 POINTS, OR 0.05 PERCENT, AT 51,586.34 AFTER MARKET OPEN
@deitaone*S&P 500 OPENS DOWN 0.7%, NASDAQ DECLINES 1.2%
@hedgeyeStocks open red:
@maxcrypto🚨BRUTAL DUMP: $500,000,000,000 erased from the US stock market in just 2 MINUTES.
@stockmktnewzThe 🇺🇸 stock market is starting out trading today Red 🔴🔴🔴🔴
@bulltheoryio🚨 $650 BILLION has been wiped out from the U.S. stock market today as the S&P 500 dumps -0.95%.
@firstsquawkNASDAQ 100 DROPS FURTHER BY 2%.
@stockmktnewzThe NASDAQ 100 $QQQ is now down by more than 2% so far today 🔴🔴
@maxcryptoTHIS IS INSANE. $950,000,000,000 has now been wiped out from the US stock market in just 35 MINUTES.
@firstsquawkNASDAQ 100 EXTENDS DROP TO 2.5 PCT
@tradfi*NASDAQ 100 EXTENDS DECLINE TO 3%, S&P 500 FALLS 1.7%
@firstsquawkNASDAQ 100 DROPS FURTHER BY 3%, S&P 500 DECREASES BY 1.7%
@zerohedge*NASDAQ 100 EXTENDS DECLINE TO 3%, S&P 500 FALLS 1.7%
@negligible_cap*NASDAQ 100 EXTENDS DECLINE TO 3%, S&P 500 FALLS 1.7%