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.
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