Premarket declines in AI and memory shares follow a 7.89% slump in South Korea’s Kospi Index amid broader tech weakness.
Memory and AI-related stocks fell in premarket trading Thursday after a tech-driven sell-off in Asia. South Korea’s Kospi Index dropped 7.89%, led by a nearly 15% plunge in SK Hynix shares. Samsung Electronics also declined, weighing on the sector.
The downturn follows a broader pullback in technology stocks, with prior sessions showing mixed performance in semiconductor equities. Market sentiment has been sensitive to macroeconomic signals and supply chain concerns in the chip industry.
No immediate market reaction details were provided, but the decline reflects ongoing volatility in high-growth tech sectors.