Seoul, Tokyo stocks plunge as Asia suffers fresh tech rout
Source: The Jakarta Post
Published on: 2026-10-13 03:20
eoul, Tokyo and Taipei led losses across Asian stock markets on Tuesday as technology firms plunged on fresh worries about the outlook for the AI investment boom, with traders preparing for a crucial earnings season and release of key US data. The selloff overshadowed a drop in oil prices that came even as Yemen's Houthis step up their attacks on Saudi Arabia, fanning tensions in the Middle East and raising further concerns about supplies. South Korea's Kospi tanked more than six percent as chip titans SK hynix and Samsung took a beating following reports that China's CXMT had made progress on new technology to boost memory density, which other firms have been working on. The firm was looking at releasing a new server-memory product based on the structure by the end of the year, the reports said. "China continues to narrow the competitive gap with US companies across AI models, human...
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