K-SignalAI-generated
AI chip selloff sends US stocks to worst day since 2025 tariffs
US stocks tied to AI data centers suffered another wipeout Thursday, more than erasing the previous day's gains and dragging Wall Street toward its worst day since Trump's tariff announcements in 2025, the Korea Times reports. The sell-off, driven by fears that the AI investment cycle may be nearing its peak, also hit Korean markets: the KOSPI plunged more than 6 percent Friday, barely holding above 5,000, as Samsung Electronics and other chipmakers faced panic selling, according to the Korea Times. Yonhap reports Seoul stocks sank for a second consecutive session on AI regulation concerns after the U.S. midterms, with shares plunging over 5 percent Thursday. Bitcoin also slid to the $75,000 range as the tech selloff weakened risk appetite, Business Korea reports. Wall Street rallied Friday on robust jobs data and bargain hunting, with the NASDAQ climbing 1.09 percent, KBS World reports.
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- [COVER STORY] Black Friday: KOSPI sinks 6%, extending slide on US AI regulation fears
- (2nd LD) Seoul stocks crash for 2nd day on AI rout after U.S. midterms
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- Bitcoin Slides to $75,000 as U.S. Tech Selloff Hits Risk Assets
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