00:02You're listening to AI Prism from Seoul Economic Daily.
00:30And fresh doubts from AI executives about the pace of the spending boom.
00:34And while Korean equities sell off, Chinese AI developers are raising tens of billions to fund the very build-out
00:41rattling markets today.
00:43It's Tuesday, September 15th.
00:45Here's why global investors are paying attention to Korea today.
00:49Middle East supply risk pushed oil sharply higher just as several AI industry executives raise public doubts about the pace
00:57of AI infrastructure spending.
00:58That combination hit chip and AI-linked stocks hardest, since they carry the most exposure to both financing costs and
01:07capex cycle sentiment.
01:08It also lands as Chinese AI developers accelerate their own fundraising, adding a new dimension to how investors weigh regional
01:16AI exposure.
01:18Here's what the numbers show.
01:19Foreign investors sold a net $3.3 trillion of Korean shares on Monday, the fourth consecutive day of outflows.
01:27The KOSPI dropped 3.26%, or 225.54 points, to close at 6,684.37.
01:37Samsung Electronics and SK Hynix fell 4.05% and 6.35% respectively, as chip and AI-linked names
01:47led the sell-off.
01:47Dubai crude jumped 21.3% to $123.66 a barrel between September 4th and 11th, the benchmark Korean refiners
01:59use.
01:59Squeezing margins even as prices rose.
02:03Korea's complex refining margin fell to $26.40 a barrel from $33.60, a sixth straight weekly decline.
02:13TSMC raised its 2026 capex guidance to $60 billion to $64 billion, up from the low $50 billion range, with
02:2370% to 80% earmarked for advanced nodes.
02:27Chinese AI developer Zhipu raised $5 billion this month, and ByteDance secured a $29.6 billion syndicated loan, both funding
02:38the AI infrastructure build-out Korean chipmakers are racing to supply.
02:42The Korea exchange opened its first after-hours session Monday, extending trading to 8 p.m. and giving investors a
02:49new window to react to overnight oil and Wall Street moves.
02:53So what does this mean for investors weighing Korea exposure right now?
02:57The two shocks are compounding rather than offsetting.
03:01An oil-driven margin hit, and a fresh round of AI spending doubts landed on the same session.
03:07Which is why the Kospi's drop looks sharper than either headline alone would explain.
03:12Earlier, we said foreign investors just logged a fourth straight day of selling.
03:17Here's what that actually means for you.
03:19A four-session outflow streak is the kind of run worth treating as a signal on Korea weight.
03:25Not a single bad print to shrug off.
03:28TSMC's CapEx raise and Beijing's AI funding round both point the same way.
03:33The underlying chip and AI build-out isn't slowing, even as Monday's price action, and the run-up to the
03:40U.S. midterms on November 3rd, keep risk appetite jumpy.
03:44That's today's AI Prism, Global Investors.
03:48This episode was produced with AI assistance based on Seoul Economic Daily reporting and reviewed by a human editor.
03:55AI Prism is a Juan Ifra Award-winning series.
03:59We'll be back tomorrow.
04:01You've been listening to AI Prism from Seoul Economic Daily.
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