Asian stocks pull back as South Korea’s Kospi slides 7.6% despite AI-led Wall Street rebound
AI Market Summary
Asian equities sold off sharply as blockbuster Samsung results failed to support AI hardware stocks, reinforcing concerns that AI chip and data-center valuations and capex returns are overstretched. Korea's Kospi sank ~8% with Samsung and SK Hynix down heavily, while Japan's chip complex also fell, signaling broader de-risking in the AI supply chain. The move contrasts with recent U.S. AI-led strength, raising near-term volatility for tech-heavy indices.
Impact level
● High
Affected assets
NCSINASDAQ1002USD/USDT-0.65%
AI Insight · NCSINASDAQ1002USD/USDTAI Insight
▼ Bearish
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Samsung Electronics reported operating profit jumping 19-fold to 89.4 trillion won, with revenue more than doubling, yet its shares fell 8.7% as South Korea’s Kospi dropped 7.6%. Analysts said the market is undergoing its first real stress test of the AI trade, with strong results intensifying doubts over AI-chip valuations and whether capex can deliver adequate returns. In Japan, Kioxia slid 10.7% and the Nikkei 225 fell 1.8%, underscoring broad selling pressure across AI hardware.
