Chip selloff drives Kospi sharply lower on AI boom doubts

AP · 9 hours ago
  • A sell-off in chip shares pulled Asian markets mostly lower on Tuesday, with South Korea's Kospi index sinking more than 5%.
  • ASML fell 1.1% in Amsterdam while Britain's FTSE 100 rose 0.8%, Germany's DAX climbed 0.6%, and France's CAC 40 gained 0.3% in early European trading.
  • U.S. futures edged higher and oil prices fell even as Middle East tensions continued.

Quotes

“a sell-off of chip shares pulled Asian shares mostly lower”— Associated Press
“Shares of Dutch leading chip machine maker ASML in Amsterdam fell 1.1%.”— Associated Press

Sources