WS #12174

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Bank of Korea raised rates 25 bps to 2.75%, first hike in over three years, due to AI-driven chip boom fueling inflation. IBM shares plunged ~25% after revenue warning, citing AI demand crowding out traditional software spending. Asian semiconductor stocks tumbled, SK Hynix down 9%, Samsung down 7%, tracking US chip losses.

South Korea rate hike

Bank of Korea raised rates 25 bps to 2.75%, first hike in over three years, due to AI-driven chip boom fueling inflation.

IBM shares plunged ~25% after revenue warning, citing AI demand crowding out traditional software spending.

Asian semiconductor stocks tumbled, SK Hynix down 9%, Samsung down 7%, tracking US chip losses.

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