TREE NEWS reports: Samsung Electronics and SK Hynix both fell more than 10% in early trading Friday on Korea’s Nextrade exchange, as AI concerns intensified after the U.S. midterm elections. KOSPI 200 index futures dropped 7.9%, and ETFs tracking Korean stocks fell 13% overnight. In Japan, CME December Nikkei 225 futures traded at 57,255 as of 8:02 a.m. Tokyo time, about 6.26% below Thursday’s close of 61,077.90.
Samsung, SK Hynix Plunge Over 10% Premarket as AI Fears Hit Asian Markets
AI take
The move is notable less for its size than for where it lands: memory makers are the first link in the AI hardware chain, so a double-digit premarket drop in Seoul reads as a repricing of AI capex expectations rather than a Korea-specific story. The transmission is already visible across instruments — KOSPI 200 futures, Korea-tracking ETFs and Nikkei futures all moved together — which points to a regional risk-off impulse rather than single-stock news. Whether the selling stays concentrated in memory and semis, or broadens into the wider Asian complex, is the open question worth watching.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
3h ago
Estonia to close all border crossings with Russia from Dec 1
3h ago
US Treasury Secretary Bessent: We are squeezing Iran’s economy, and it’s working
3h ago
Bessent: Trump and I Believe Fed Chair Warsh Will Fulfill Dual Mandate
3h ago
Bessent: US inflation expected to fall sharply next month
4h ago
Bessent: Nvidia should look outside for new CEO
4h ago
US Transportation Secretary Duffy Expects Full Flight Operations Tomorrow