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Seoul stocks crash 11% as AI spending fears and China chip rival spook markets
๐Ÿ“ˆ Business

Seoul stocks crash 11% as AI spending fears and China chip rival spook markets

South Korea's main stock index KOSPI fell nearly 11% on Tuesday, driven by renewed fears over AI capital expenditure and its impact on chip sector valuations. Shares in ASML also dropped after reports that China is developing its own chip-manufacturing equipment, threatening the Dutch firm's market position.

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