🔴 LG Electronics is trading 11.2% down today as AI capital spending concerns trigger tech rotation

LG Electronics is trading 11.2% down at KRW 61,000 following a sharp reversal of this week’s rally as investors continue to rotate out of technology names.

• The move follows ongoing pressure on AI-related stocks and capital spending concerns that have weighed on the sector since Alphabet’s earnings report.
• LG Electronics remains caught in a broader risk-off sentiment toward companies with heavy investments in AI infrastructure.