Korea is facing growing concerns that a sharp stock market decline triggered by fears of U.S. restrictions on artificial intelligence (AI) data center construction could spill over into the real economy, as such curbs, if implemented, could threaten semiconductor exports and…
SEOUL, Nov. 8 (Yonhap) -- Helped by the artificial intelligence-led (AI) chip supercycle, Samsung Electronics Co. is poised to become the first South Korean company with cash assets of over 200 trillion won (US$146.6 billion), industry data showed Sunday. Cash and cash equivalents…
Taiwan's benchmark Taiex closed at a record high on October 6 but failed to break through 50,000 points as investors became cautious near the...
South Korea's Kospi sank as much as 8.8% on November 6 and Taiwan suffered its worst week in at least 25 years as a US AI rout hit Asian chipmakers.......
The unraveling of the AI trade after the US midterm elections is forcing investors to rethink their Asia playbook, reviving demand for out-of-favor Chinese and Indian stocks as well as companies poised to benefit from easing inflation and trade tensions.
Global brokerage Jefferies has increased India's allocation in its Asia-Pacific ex-Japan model portfolio to 14%, while reducing exposure to South Korea and Taiwan, amid growing concerns that the global artificial intelligence (AI) investment boom may be approaching its peak. In his…
Samsung Electronics is set to become a direct shareholder in TCL China Star Optoelectronics Technology (TCL CSOT) through the transfer of a 10.16% ownership stake currently held by Samsung Display. The planned transaction is intended to strengthen strategic cooperation between Samsung…
NEW YORK (AP) — U.S. stock indexes muscled higher Thursday, led by companies delivering bigger profits. They pulled closer to their records even as stocks in the artificial-intelligence industry kept...
Record profits, falling shares Both companies are earning at an unprecedented pace. Samsung Electronics' third-quarter operating profit reached 107.4 trillion won, nearly eight times higher than last year, as revenue increased 127% to 195 trillion won. It became the first South Korean company…
A bloodbath for AI stocks was compounded by a controversy over SK Hynix's NAND flash fab expansion in China. Additionally, it appears that SK Hynix is having problems with the U.S. Commerce Department. The agency has continued to hold up export…
AI shares in Seoul, Taipei, Tokyo and China: SK Hynix and Samsung driving the KOSPI, TSMC, SoftBank and Chinese AI stocks.
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