Energy crisis hits tech blue chips hard as Korea Composite Index declines for four consecutive sessions, approaching the 5000-point threshold
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```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.```
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