Deep Tide TechFlow News, July 8 - According to Jinshi Data, South Korean stocks continued their downward trend, with the KOSPI index falling over 6% intraday and dropping more than 20% from its June peak, heading for a technical bear market. Samsung Electronics and SK Hynix fell about 7% and 5% respectively, as investors reassess the outlook for AI demand.



Despite Samsung Electronics reporting a 19-fold surge in quarterly profit this week, chip stocks continued to decline. Ian Samson, portfolio manager at Fidelity International, said the current heightened volatility stems from fundamental uncertainty. AI-driven semiconductor demand is supported by approximately $1 trillion in capital expenditure, and if this is unsustainable, it could pose downside risks.
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