StocksMedium•8 November 2026•
1 min read
Korean Chip Stocks Plunge on Fears of US AI Data Center Restrictions
Key Facts
1The KOSPI and Kosdaq fell 10.43% and 8.54% respectively over three trading sessions following the U.S. midterm elections.
2Samsung Electronics and SK hynix shares dropped 14.03% and 19.03% respectively amid fears of potential U.S. restrictions.
The KOSPI and Kosdaq indices fell 10.43% and 8.54% respectively over three trading sessions following the U.S. midterm elections. The Korea Times reported that Samsung Electronics shares dropped 14.03%, while SK hynix tumbled 19.03%, amid fears that potential U.S. restrictions on AI data center construction could hurt the sector.
SKHY closed at $127.34 on November 6, 2026, and SMSN.L closed at $3594 on the same date. These sharp price declines follow analyst suggestions that new U.S. policy directions may include curbs on AI infrastructure, which serves as a primary driver for Korean semiconductor demand.