This instability follows a broader retreat in U.S. technology, where the semiconductor benchmark index fell about 16% over eight straight trading sessions. Jian Shi Cortesi, a fund manager at GAM Investment Management, stated that rising borrowing costs and higher oil prices could make the trillions of dollars in funding needed for AI infrastructure harder to secure, potentially forcing a valuation reset for suppliers in Asia.
Tuesday, October 20, 2026
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South Korean Stocks Reverse Plunge After Breaking July Lows
Global Markets2 days ago
Market indices in Seoul swung back toward positive territory Monday, rebounding from a sharp selloff that had pushed prices to the lowest levels since mid-summer. The volatility was triggered by the release of a new AI model from DeepSeek, which fueled investor fears that demand for specialized memory chips would decline and strain the regional stock rally driven by artificial intelligence.
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