South Korea's AI stocks fall sharply after US midterm vote

South Korea's AI stocks fall sharply after US midterm vote

South Korea's AI stocks fall sharply after US midterm vote

South Korea's Kospi index slid as much as 3.7 percent as shares of chipmakers fell on concern that a strong Democratic showing in the US midterms could bring greater scrutiny of the artificial intelligence industry. Samsung Electronics and SK Hynix each fell at least 4 percent, dragging the market lower. Investors worry that tighter oversight could slow US data-centre expansion, clouding demand for chipmakers in South Korea, Taiwan and Japan that supply the American AI buildout. Taiwan's benchmark fell about 2.5 percent and Japan's Nikkei dropped 3.6 percent.

South Korea's Kospi index slid as much as 3.7 percent as shares of chipmakers fell on concern that a strong Democratic showing in the US midterms could bring greater scrutiny of the artificial intelligence industry. Samsung Electronics and SK Hynix each fell at least 4 percent, dragging the market lower. Investors worry that tighter oversight could slow US data-centre expansion, clouding demand for chipmakers in South Korea, Taiwan and Japan that supply the American AI buildout. Taiwan's benchmark fell about 2.5 percent and Japan's Nikkei dropped 3.6 percent.

South Korea's Kospi index slid as much as 3.7 percent as shares of chipmakers fell on concern that a strong Democratic showing in the US midterms could bring greater scrutiny of the artificial intelligence industry. Samsung Electronics and SK Hynix each fell at least 4 percent, dragging the market lower. Investors worry that tighter oversight could slow US data-centre expansion, clouding demand for chipmakers in South Korea, Taiwan and Japan that supply the American AI buildout. Taiwan's benchmark fell about 2.5 percent and Japan's Nikkei dropped 3.6 percent.