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The Guardian - UK
The Guardian - UK
Business
Lauren Almeida and Graeme Wearden

South Korean stock market at three-month low as AI sell-off intensifies

Nvidia SK Hynix
A man walks in front of an AI sign at the Shanghai New Expo Center during the WAIC conference
Analysts attributed the sell-off to renewed worries over AI investment spending. Photograph: Ying Tang/NurPhoto/Shutterstock

The sell-off in AI stocks has intensified, driving South Korea’s stock market down to its lowest level in three months.

Investors continued to ditch chip stocks on Tuesday, amid rising concerns about the huge amount of borrowing among AI companies to fund their datacentre expansion plans.

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