Hong Kong, Oct 13 (AP) South Korea’s benchmark Kospi index dropped more than 7 per cent on Tuesday on a sell-off of chip shares, and Asian shares mostly declined after US stocks ended mixed.
The Kospi index was down 7.4 per cent to 5,914.35, its lowest level since late July. It reached an all-time high in June after crossing 9,000, supercharged by the global artificial intelligence boom.
Samsung Electronics fell 7.7 per cent, while memory chipmaker SK Hynix plunged 8.8 per cent.
Japan’s Nikkei 225 dropped 2.5 per cent to 67,292.39. Chip equipment maker Tokyo Electron fell 6.6 per cent. SoftBank Group, an OpenAI investor, lost 8 per cent.
(PTI News)
