MKOR is trading at $53.10, down 3.07%, amid pressure on Korean equities as investors questioned returns on heavy AI investment; available reports do not establish its exact contribution to MKOR’s decline. - The weakness weighed on chip stocks, including Samsung Electronics and SK Hynix. - Reports of tanker damage in the Strait of Hormuz drove oil higher, adding supply and inflation concerns to the technology selloff and intensifying broader risk aversion.