Energy crisis hits tech blue chips hard as Korea Composite Index declines for four consecutive sessions, approaching the 5000-point threshold
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
```htmlGolden Ten Data reported on March 31 that, due to ongoing conflicts in the Middle East, chip stocks led the decline, with SK Hynix plunging by 7.6% and Samsung Electronics falling by 5.2%. The sharp drop comes as the Korean won hit a 17-year low against the US dollar, and growing concerns over energy supply disruptions are fueling worries about economic growth. HSBC analysts pointed out that, since the performance of the Korean stock market has always been closely tied to the AI boom, the main focus now should be on the outlook for AI capital expenditure. In their report, analysts stated: "Rising energy costs may squeeze the profit margins of hyperscale computing service providers, raising concerns among investors about the returns on these investments." They also added that any fluctuations in equity and credit markets could dampen the financing enthusiasm for artificial intelligence projects.```
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
A whale received 742.5 bitcoin from an exchange, with a total value of approximately $51.48 million.
Odaily星球日报•2026/11/13 11:31
Bitcoin falls to $69,000 due to concentrated liquidation and weak demand
AiCoin•2026/11/13 11:29

BUZZ - Microsoft shares fall as system outage persists for over 12 hours
路透社•2026/11/13 11:11

Crypto prices
MoreBitcoin
BTC
$69,377.04
-4.73%
Ethereum
ETH
$1,959.15
-3.14%
Tether USDt
USDT
$0.9991
+0.04%
BNB
BNB
$639.02
-3.89%
USDC
USDC
$0.9997
+0.01%
XRP
XRP
$1.02
-1.51%
Solana
SOL
$80.63
-2.15%
TRON
TRX
$0.3122
-1.19%
Hyperliquid
HYPE
$73.55
+3.81%
Zcash
ZEC
$957.99
-1.67%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now