BusinessUnited States of America
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BusinessUnited States of Americahttps://p.dw.com/p/5PAMN
South Korean stocks plunged on Friday, triggering a 20-minute circuit breaker suspending tradingafter the benchmark KOSPI fell over 8%.
Chipmakers SK Hynix and Samsung led the sell-off as investors worried that a Democratic victory in the US midterm elections could slow spending on AI data centers — a key source of demand for advanced semiconductors.
Analysts say the decline reflects growing doubts about whether soaring AI-related valuations match business realities.
Though some see signs of a market correction, others argue that strong demand and revenues still support the sector’s long-term prospects.
