South Korea’s chipmakers lead another sharp selloff as concerns over AI spending and Chinese competition grow, while bitcoin holds well above its summer lows. The KOSPI fell 5.5%, leaving it roughly 38% below its June peak, while bitcoin has rebounded from around $58,000 to as high as $87,000. Bitcoin and the KOSPI show a moderately negative 20-week rolling correlation of -0.41. Broadcom CEO Hock Tan’s warning about speculative AI investing and CXMT’s claimed memory-chip breakthrough intensifie…
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