South Korea’s KOSPI hits 8% lower circuit in early trading after AI sell-off

Shares of Samsung Electronics and SK Hynix fell as much as 11% and 10% respectively, before attempting a recovery from the opening lows. Memory chip stocks on Wall Street had sold off sharply last Friday, with Nvidia declining over 6%, while AMD, Micron, Sandisk and Western Digital shares tanking anywhere between 11% and 13%.

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