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 infrastruc

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.