Global tech stocks show mixed recovery after AI-driven sell-off hits chipmakers
By
Lee Ying Shan
Summary
Global technology stocks showed mixed recovery on Wednesday after a severe AI-driven sell-off battered chip companies the previous session. South Korean chip giants Samsung Electronics (up 10%) and SK Hynix (up 0.98%) rebounded after plunging over 12% each, lifting the Kospi Index by 3.26%. Japanese chip-equipment makers showed mixed results with Advantest down 0.73% and Tokyo Electron down 4.19%, while SoftBank Group gained 1.29%. Chinese tech stocks were also mixed, with Tencent up 3.38% and Xiaomi showing gains amid choppy trading conditions.
Source
bskyGlobal tech stocks show mixed recovery after AI-driven sell-off hits chipmakerscnbc.comKey quotes
· 3 pulledSamsung Electronics rose 10%, while SK Hynix added 0.98%
Both stocks plunged over 12% in the previous session
The benchmark Kospi Index was up more than 3.26%
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