Global Market: South Korean shares fall as AI investment worries weigh on chipmakers

South Korea’s stock market recorded its largest weekly decline in 18 years last week, with concerns over artificial intelligence investment weighing on chipmakers.

AI concerns pressure chipmakers

The market setback highlights the effect that changing expectations around AI investment can have on companies linked to the technology supply chain. Chipmakers came under pressure as those concerns shaped investor sentiment.

Significant weekly setback

The decline was the South Korean market’s steepest weekly fall in nearly two decades. The available information does not identify the specific index, companies or size of the loss.

For investors, the move marks a notable period of weakness in South Korean equities. Further details on the market’s performance and the outlook for chipmakers were not provided.