Samsung loses hundreds of billions of dollars in a day; no matter how strong AI narratives are, they can't withstand macroeconomic sentiment crashing the market

CoinWorld News: The Korea KOSPI index dropped more than 8% within 20 minutes of trading start, triggering the circuit breaker mechanism and temporarily suspending trading. Samsung's stock price fell over 9%, with a market value evaporating more than $100 billion, despite Samsung being seen as a major beneficiary of increased demand for AI hardware and memory chips. This decline reflects investors' cautious attitude toward technology and AI-related stocks, especially against the backdrop of a weak U.S. market. Market participants note that despite increased short-term volatility, the long-term fundamentals remain strong, and the Korean stock market is expected to recover from this sharp decline.