Korea's KOSPI loses about $1.1 trillion as memory chip stocks slide
AISouth Korea's KOSPI entered a bear market from June 22 to July 16, shrinking more than a quarter and wiping out nearly $1.1 trillion in market capitalization, according to CEIC. SK hynix and Samsung fell 38% and 29% over the same window, per Bloomberg. The article links the decline to the concentration of Korean stocks in memory chips, which SK hynix and Samsung control 83% of global HBM market share.
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ChinaTalk · Richard Gray · chinatalk.mediaPublished
Original title: Korea’s Stock Market Crashed $1 Trillion. What Does That Mean for the Global AI Race?