SoftBank Falls, Samsung Drops, MediaTek Dips
from Stock Movers Hosted by iHeartPodcasts
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: - SoftBank's stock fell as much as 13% on concerns that OpenAI may hold off on an initial public offering until next year and delay returns for its Japanese backer. - South Korean stocks were hit by a second trading suspension this week as chipmakers plunged, highlighting the market’s sensitivity to swings in global artificial-intelligence sentiment. The benchmark Kospi extended losses after the Korea Exchange’s 20 minute trading halt, falling as much as 9%. Samsung Electronics Co. and SK Hynix Inc. each fell more than 10% at one point. - The Taiex Index fell 3.6% at 44,571.76 in Taipei. The move was the biggest since falling 4.4% on March 9 and follows the previous session's increase of 0.5%. MediaTek shares fell as much as 10%.
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