SMSN.IL is trading approximately 7% down at $4,592 as Samsung shares slump in Seoul following a sharp Kospi drop driven by AI overinvestment worries and legal headwinds.
- Samsung Electronics fell 7.7% and SK Hynix lost 9.3% as markets react to concerns over AI overinvestment and memory-chip price-fixing lawsuits.
- The London GDR is reflecting this pressure, extending recent declines tied to a U.S. price-fixing case and broader weakness in South Korean technology stocks.