South Korean equities tumbled after Meta’s plan to sell computing capacity
raised concerns of AI compute oversupply. The KOSPI fell more than 6%, sliding
as much as nearly 7% in early trade on Thursday and briefly triggering a trading
halt. SK hynix dropped about 9% and Samsung Electronics fell over 7%. Overnight
U.S. peers Micron (MU.O) and SanDisk (SNDK.O) each fell more than 10%. The moves
may intensify investor doubts about the sustainability of the chip rally driven
by booming AI infrastructure demand; Korea’s major suppliers occupy a central
position in that supply chain.
