South Korea stocks post record two-day 22% drop as SK Hynix slides 17% and Brent tops $88
AI Market Summary
Risk appetite weakened as Asia equities slid and the chip-led selloff deepened, highlighted by sharp drops in SK Hynix and Samsung amid doubts that heavy AI capex will earn adequate returns. Geopolitical escalation involving the US and Iran lifted Brent over 4% above $88, raising renewed concerns over Hormuz disruption and inflation risk ahead of the Fed decision. Bitcoin and Ether also drifted lower.
Impact level
● High
Affected assets
NCCO1OILBRENT2USD/USDT-0.22%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▼ Bearish
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The US said it intercepted an Iranian “surprise attack” on its troops and retaliated militarily, escalating Middle East geopolitical tensions. Brent crude jumped more than 4% to above $88 a barrel. South Korea’s benchmark stock index posted a record two-day plunge of 22%, while SK Hynix fell 17% after a 557% quarterly profit surge still missed expectations and Samsung Electronics slid 12%. Nasdaq 100 futures declined 0.9%.
