Shares slip as chip stocks come under heavy selling: Here's why

AI Summary

South Korea's Kospi index fell over 10% due to heavy selling pressure on chip stocks amid skepticism about the sustainability of the artificial intelligence boom. The slump highlights investor concerns in the semiconductor sector.

South Korea's Kospi index plunged more than 10% on Tuesday morning as chipmaking stocks came under heavy selling amid renewed concerns over whether the artificial intelligence boom can be sustained.