- Samsung Electronics shares dropped more than 5% after profit missed estimates.
- The Kospi, a bellwether for the AI trade, fell 2.9% as Samsung dragged the index lower.
- The decline reversed Wednesday's gains, when the Kospi posted its biggest rally since July on strong SK Hynix earnings.
- Technology shares fell, snapping a week-long rally after disappointing earnings from two industry heavyweights revived concerns about AI spending.
Quotes
“after disappointing earnings from two industry heavyweights revived concerns about the billions of dollars companies are pouring into artificial intelligence”