{"id":529396,"date":"2026-07-07T10:47:15","date_gmt":"2026-07-07T10:47:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/529396\/"},"modified":"2026-07-07T10:47:15","modified_gmt":"2026-07-07T10:47:15","slug":"world-markets-are-mixed-and-korean-shares-slump-on-ai-jitters","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/529396\/","title":{"rendered":"World markets are mixed and Korean shares slump on AI jitters"},"content":{"rendered":"<p>BANGKOK (AP) \u2014 World shares and U.S. futures were mixed on Tuesday following a rebound for AI stocks that lifted benchmarks on Wall Street. <\/p>\n<p>In early European trading, Germany\u2019s DAX shed 0.5% to 25,695.64, while the CAC 40 in Paris climbed 0.3% to 8,507.95. Britain\u2019s FTSE 100 advanced 0.4% to 10,695.02. <\/p>\n<p>The future for the S&amp;P 500 lost 0.1% and that for the Dow Jones Industrial Average edged 0.2% higher. <\/p>\n<p>Asian shares markets retreated, with South Korea\u2019s Kospi closing 4.9% lower at 7,656.31 after dropping as much as 8% earlier in the day. Shares in computer chipmaker Samsung Electronics slumped 7.7% even after it announced its operating income surged 19-fold to 89.4 trillion won ($58.7 billion) in the last quarter, while its revenue more than doubled. SK Hynix lost 6.7%. <\/p>\n<p>Kim Seok-hwan, an analyst at the South Korean securities firm Mirae Asset, attributed Samsung\u2019s decline to foreign investors who were selling to lock in recent gains and rebalancing their portfolios. <\/p>\n<p>AI stocks have been gyrating on fears their prices have shot too high, raising questions about whether all the dollars flowing into AI chips and data centers can possibly create enough gains in productivity and profits to make back all the investments. <\/p>\n<p>    <a class=\"AnchorLink\" id=\"more-section-display-name\"\/><\/p>\n<p>    <a class=\"Link\" aria-label=\"South Korean tech giants to build a $518 billion chipmaking hub to serve soaring AI demand\" href=\"https:\/\/apnews.com\/article\/korea-samsung-ai-hynix-chips-22352d95c7a821c5f4548b2d1a4ebde8\" rel=\"nofollow noopener\" target=\"_blank\"><\/p>\n<p><img decoding=\"async\" class=\"Image\" alt=\"South Korean President Lee Jae Myung attends an announcement with Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won at the Blue House presidential office in Seoul, South Korea, Monday, June 29, 2026. (Kim Min-Hee\/Pool Photo via AP)\"  width=\"599\" height=\"412\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/07\/1783421235_577_.jpeg\" loading=\"lazy\"\/><\/p>\n<p><\/a><\/p>\n<p>    <a class=\"Link\" aria-label=\"Samsung\u2019s union puts off strike after reaching last-minute wage deal with management\" href=\"https:\/\/apnews.com\/article\/korea-samsung-union-strike-memory-981e7cba3729539f46c26af8bb1dee9a\" rel=\"nofollow noopener\" target=\"_blank\"><\/p>\n<p><img decoding=\"async\" class=\"Image\" alt=\"Choi Seung-ho, a leader of the Samsung Electronics labor union, leaves after attending the government-led mediation talks with management at the National Labor Relations Commission office in Sejong, South Korea, Wednesday, May 20, 2026 (Yonhap via AP)\"  width=\"599\" height=\"395\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/07\/1783421235_696_.jpeg\" loading=\"lazy\"\/><\/p>\n<p><\/a><\/p>\n<p>\u201cThe first proper AI stress test may not have arrived with weak demand, a capex warning, or some sudden crack in the data center story. It may have arrived with Samsung posting an extraordinary quarter and the stock falling anyway,\u201d Stephen Innes of SPI Asset Management said in a commentary. <\/p>\n<p>SK Hynix will further test investors\u2019 appetite for AI this week, aiming to raise $28 billion by selling shares of stock that will trade in the United States on the Nasdaq. That would make it one of the biggest U.S. offerings ever, behind <a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/musk-spacex-tesla-ipo-trillionaire-billionaire-worth-rockets-7723f82b6063a9a17c194e25982cd66d\" rel=\"nofollow noopener\" target=\"_blank\">SpaceX\u2019s IPO from last month<\/a>, which raised $75 billion.<\/p>\n<p>The company\u2019s stock in Seoul has more than tripled so far this year because of the AI boom, despite sharp losses in recent weeks. <\/p>\n<p>Tokyo\u2019s Nikkei 225 declined 2.1% to 68,256.96. Computer chipmaker Tokyo Electron lost 3.9% and chipmaker Kioxia Holdings shed 11.3%.<\/p>\n<p>    <a class=\"AnchorLink\" id=\"html-embed-module-a00000\"\/><\/p>\n<p>\n    Sign up for Morning Wire:<br \/>\n    Our flagship newsletter breaks down the biggest headlines of the day.\n  <\/p>\n<p>The Hang Seng in Hong Kong declined 0.5% to 23,496.98, while the Shanghai Composite index gave up 1.3% to 3,990.24. Taiwan\u2019s Taiex lost 2.3%.<\/p>\n<p>In Australia, the S&amp;P\/ASX 200 declined 0.3% to 8,803.90 and India\u2019s Sensex shed 0.1%. <\/p>\n<p>On Monday, the S&amp;P 500 rose 0.7%, pulling to within 1% of <a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/stock-markets-iran-nvidia-energy-oil-ba4257d9938ef6aea558db3010b4a53f\" rel=\"nofollow noopener\" target=\"_blank\">its all-time high<\/a>, even though the majority of stocks within the index fell. <\/p>\n<p>The strength for companies in the <a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/hub\/artificial-intelligence\" rel=\"nofollow noopener\" target=\"_blank\">artificial-intelligence<\/a> technology industry sent the Nasdaq composite 1.1% higher. The Dow industrials rose 0.3% to a record. <\/p>\n<p>Broadcom was one of the strongest forces lifting the S&amp;P 500. It rose 3.7% after announcing long-term agreements to provide silicon products to Apple. It was coming off two straight losses of more than 2% on Wednesday and Thursday at the end of last week, before Friday\u2019s <a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/stocks-markets-rates-ai-oil-trump-de7c9db96ce4d502079892d3ecef88cf\" rel=\"nofollow noopener\" target=\"_blank\">holiday in advance of the Fourth of July<\/a>. <\/p>\n<p>SpaceX erased an early gain to fall 1% in the last day of trading before it\u2019s scheduled to join the Nasdaq 100 index of the largest non-financial stocks on the Nasdaq. That <a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/spacex-elon-musk-index-funds-3c26c10b7ca0e838cceb7324f676ef2d\" rel=\"nofollow noopener\" target=\"_blank\">inclusion will force funds <\/a> like the QQQ exchange-traded fund, which mimic the index, to buy SpaceX themselves.<\/p>\n<p>In the oil market, the price of a barrel of Brent crude, the international standard, rose 87 cents to $72.86 a barrel. That\u2019s close to where it was before the United States and Israel attacked Iran in late February, sending prices spiking. <\/p>\n<p>The stability of supplies remains uncertain. A tanker traveling off the coast of Oman in <a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/hub\/strait-of-hormuz\" rel=\"nofollow noopener\" target=\"_blank\">the Strait of Hormuz<\/a> caught on fire early Tuesday morning after being <a class=\"Link AnClick-LinkEnhancement\" data-gtm-enhancement-style=\"LinkEnhancementA\" href=\"https:\/\/apnews.com\/article\/iran-us-israel-war-oil-4732228810c9839a1258309ad43b8289\" rel=\"nofollow noopener\" target=\"_blank\">struck by a projectile<\/a>, the British military said.<\/p>\n<p>The attack was the latest targeting a vessel moving through the narrow mouth of the Persian Gulf, through which a fifth of all oil and natural gas traded once passed in peacetime. Iranian state television said the liquefied natural gas tanker came under attack after ignoring warnings but did not directly claim the assault. <\/p>\n<p>U.S. benchmark crude added 69 cents to $69.24 a barrel. <\/p>\n<p>In currency trading, the U.S. dollar fell to 161.93 Japanese yen from 162.09 yen. The euro slipped to $1.1426 from $1.1442. <\/p>\n","protected":false},"excerpt":{"rendered":"BANGKOK (AP) \u2014 World shares and U.S. futures were mixed on Tuesday following a rebound for AI stocks&hellip;\n","protected":false},"author":2,"featured_media":529397,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,670,343,344,938,114,9835,122,85,756,911,87,117780,46,241776,82597,1523,3136,7801,11471,193809,43813,9512,125,76307,1032,126],"class_list":["post-529396","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-apple","tag-artificial-intelligence","tag-artificialintelligence","tag-broadcom-inc","tag-business","tag-financial-markets","tag-general-news","tag-il","tag-inc","tag-information-technology","tag-iran","tag-iran-war","tag-israel","tag-kim-seok-hwan","tag-kioxia-holdings-corp","tag-samsung","tag-semiconductor-manufacturing","tag-seoul","tag-south-korea","tag-space-exploration-technologies-corp","tag-stephen-innes","tag-stocks-and-bonds","tag-technology","tag-tokyo-electron-ltd","tag-united-states","tag-world-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/529396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=529396"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/529396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/529397"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=529396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=529396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=529396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}