South Korean stocks fall 6% amid AI concerns
South Korean stocks dropped by 6.3%, with shares of Samsung and SK Hynix falling by 6% and 8% respectively, amid a decline in chip companies following more than a 12% drop in Qualcomm's revenues and weak performance of AI-related stocks. This downturn coincided with declines in markets across the Asia-Pacific region, amid fears of global market turbulence due to escalating tensions in the Middle East and rising oil prices.
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