‘Samsung Electronics 1 Million’, ‘SK hynix 600,000’ Retracted Amid U.S. Tech Stock Decline [Market Focus]

[Financial News] On the 14th, both Samsung Electronics and SK hynix are showing weakness.
As of 11 a.m. today, Samsung Electronics is trading at 98,900 KRW, down 3.79% from the previous session. At the same time, SK hynix is trading at 577,000 KRW, a decrease of 5.72%.
The Korea Composite Stock Price Index (KOSPI) is also trading at 4,068.98, down 2.44% from the previous trading day.
This is attributed to the decline in technology stocks on the New York Stock Exchange (NYSE) the previous day, as concerns over an artificial intelligence (AI) bubble resurfaced.
On the 13th (local time), Nvidia fell 3.58%, Alphabet dropped 2.89%, Microsoft declined 1.54%, and Tesla plunged 6.64%. The Nasdaq Stock Market (Nasdaq), which is heavily weighted toward technology stocks, closed at 22,870.36, tumbling 536.10 points (2.29%).

[email protected] Im Sang-hyuk Reporter