S Korean chip-heavy market falls 6% after CEO likens AI trade to 'casino'

A global selloff in semiconductor stocks intensified after Broadcom CEO Hock Tan likened investor sentiment around AI to a "casino". South Korea's tech-heavy Kospi benchmark plunged around 6% on Tuesday, dragged down by sharp declines in chipmakers Samsung Electronics and SK Hynix. "A lot of investors have no clue what they are investing in," Tan said.