SK Hynix Falls More Than 8% as Asian Chip Sell-Off Deepens

South Korean chip stocks and Japanese technology shares sank Thursday as investors weighed the cost of financing AI infrastructure and concerns about further Federal Reserve rate increases after a weak U.S. session. SK Hynix fell more than 8% and Samsung Electronics dropped 7.1%. LG Innotek lost 8.1%, Seoul Semiconductor slid 7.7% and Samsung SDI declined 6.8%. In Japan, SoftBank Group fell 7.9% and Advantest lost 6.9%, while Tokyo Electron and Renesas Electronics each shed 5.4%. Investors were concerned that higher borrowing costs could curb the large outlays needed to expand AI infrastructure.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.