The market shows a split, with the S&P 500 stable while the Nasdaq 100 falls due to AI chip stock selloffs. Amazon plans a $25B bond sale, its last for the year, amid AI investment funding. Microsoft is also reducing reliance on external AI models.
Samsung Electronics and SK Hynix shares dropped over 7% and 9% respectively on Thursday, leading South Korea's Kospi lower. The decline mirrors a broader tech selloff, particularly in the semiconductor sector, following a sharp overnight slump in the Nasdaq Composite.
SoftBank Group's stock plummeted over 12% on Friday, triggering a broad selloff in Asian technology shares. This decline was driven by increasing investor worries about the rising costs associated with artificial intelligence infrastructure and a preceding fall in the Nasdaq Composite.
Global markets saw a rebound Wednesday after a tech selloff on Tuesday. South Korea's Kospi jumped over 3% after a 10% plunge, while Asia's tech stocks recovered. MSCI kept South Korea as an emerging market, citing currency convertibility, and Indonesia faces downgrade risks.
