Samsung Electronics fell 10.7 percent to 254,500 won, while SK Hynix plunged 15.4 percent to 1.84 million won, contributing to a nearly 9 percent drop in the Kospi. This rout occurred as investors locked in profits following a record-breaking memory rally, despite arguments that AI demand would extend the cycle.
Memory sector stock prices are reacting to peak-cycle fears, indicating investor skepticism about sustained AI-driven demand extending the current rally.