Korea's Chip Stocks Crash Again As TSMC's Beat Fails To Calm Markets
Samsung and SK Hynix each fell more than 10%, dragging South Korea's Kospi index down 6.4% in one session.
- TSMC beat Q2 estimates, raised its outlook, and added $100 billion to planned US investment.
- TSMC's US-listed shares still dropped 4.6% premarket on fears of an AI chip capacity glut.
- The slide renewed scrutiny of momentum trades built on this year's AI-driven rally.
Why it matters: If beating estimates and raising guidance still sinks the shares, what result would have satisfied the market?