00:00Chip stocks have plunged over the past two days, but SK Group chairman Chae Taewon warned this rollercoaster market will
00:08keep going.
00:10Why?
00:10Speaking at Seoul National University yesterday, Chae said that beyond the U.S. midterm elections, the huge amount of money
00:19in the market is behind the stock market's sharp swings.
00:23Hopes that AI will pay off drew in investment and chip stocks rose quickly.
00:28That means even small setbacks can amplify investor anxiety and send shares tumbling.
00:35Today, the government stepped in.
00:39Deputy Prime Minister Lee Hyun-il said it will prepare measures so the domestic market does not overreact relative to
00:47economic fundamentals.
00:49Still, Chae stressed that apart from stock volatility, massive investment is unavoidable to survive the global AI race.
00:58Can Samsung Electronics and SK Hynix keep rising despite this plunge?
01:04This was Banchen Jha.
