Samsung Slips, KB Financial Gains, Meituan Jumps
Today's biggest winners and losers in the stock market.On this episode of Stock Movers:- South Korean stocks slumped as Meta Platforms Inc.’s plan to sell computing power raised questions over excess in AI capacity, driving a selloff in chipmakers. The Kospi Index was down about 4% as of 12:25 p.m. local time, with Samsung and SK Hynix losing more than 5% each.- Korean financial stocks gain Thursday as investors seen rotating from tech stocks and boosted by rate hikes expectations. KB Financial jumps as much as 9% on Korea Exchange- Options appear expensive on companies including…
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