Kospi plunges 7.3% as AI chip valuation jitters spark Asian semiconductor selloff
AI Market Summary
South Korea's Kospi plunged 7.3% amid rising concerns over stretched AI semiconductor valuations, with SK Hynix and Samsung leading losses. Imminent regulatory restrictions on leveraged chip ETFs add a policy headwind that could amplify de-risking in regional tech. Separately, renewed US strikes on Iran lifted Brent to $85.50, reinforcing supply-risk premia and risk-off positioning across Asian equities.
Impact level
● High
Affected assets
NCSIKOSPI2USD/USDT-6.60%
AI Insight · NCSIKOSPI2USD/USDTAI Insight
▼ Bearish
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South Korea's Kospi tumbled 7.3% in a single session, marking one of its steepest daily declines in recent years, as investor anxiety intensified over lofty valuations in AI-focused semiconductors. Shares of SK Hynix and Samsung Electronics led the slide. Regulators in South Korea are also preparing measures to tighten oversight of leveraged ETFs linked to chip stocks.
In commodities, fresh U.S. airstrikes on Iran pushed Brent crude up to $85.50 a barrel, heightening concerns over energy supply risks and reinforcing risk-off sentiment across markets.
