A woman uses her mobile phone as she displays the logo of Japan Telecommunications Corporation on December 25, 2013 in Tokyo.
Toru Yamanaka | AFP | Getty Images
Shares of AI-linked Asian companies drew attention from their US peers on Wednesday, as investors were largely insulated from public trading in the market.
Actions SoftBank 10% are down, and failures are over 8%. Samsung Electronics slid 4.9%, while SK Hynix lost 6%. Renesas Electronics fell 5.48%.
That’s down about 8% for the third quarter, even after expectations for the third quarter, sky-high valuations for the US software company, and the AI theme, which has largely given up investor traction. AI-LED rally pushed The S&P 500’s forward P/E of over 23 is the highest since 2000as a matter of fact.
Growth in brands Hynix and Samsung Electronics helped propel South Korea’s Kusqi index to higher levels this year.
“The fear of corrections of the month, and if it comes, then it will affect other markets and the rest of the market, thanks to the heavy weight of the previous lines,” wrote market veteran Louis Navelli.
This is news. Check back for updates.