FIMajor technology companies experienced significant declines in South Korea's stock market on Thursday, dragging down the overall index by nearly eight percent. Samsung fell by nine percent, while semiconductor manufacturer SK Hynix dropped almost 15 percent. This decline follows announcements by Samsung and SK Hynix about a massive joint investment plan worth over $500 billion to build four AI chip factories in South Korea. Concerns about the valuation of artificial intelligence-focused companies have been growing globally, leading to market volatility seen in Helsinki and other European stock exchanges.
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