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Chip Selloff Triggers 6% Korea Rout After CEO's 'Casino' Warning
2026-10-13•SiTech AI Team

Chip Selloff Triggers 6% Korea Rout After CEO's 'Casino' Warning

South Korea's Kospi index dropped over 6% on Tuesday as Samsung Electronics and SK Hynix shares fell more than 7% each, extending a global chip selloff driven by Chinese competition concerns and AI valuation worries.