South Korea’s Kospi sinks 7.3% as AI chip valuation fears spark Asia semiconductor selloff
AI Market Summary
Asian equities sold off sharply as AI-semiconductor valuation concerns triggered a 7.3% Kospi slump led by SK Hynix and Samsung, with Korea signaling tighter oversight of leveraged chip ETFs. Broader risk sentiment deteriorated further as fresh US strikes on Iran pushed Brent near $85.50, amplifying energy-supply fears and hedging demand. Focus now shifts to TSMC earnings for confirmation of AI capex durability amid elevated valuations.
Impact level
● High
Affected assets
NCSIKOSPI2USD/USDT-6.60%
AI Insight · NCSIKOSPI2USD/USDTAI Insight
▼ Bearish
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South Korea’s Kospi index fell 7.3% in a single session, marking one of its steepest drops in years, as rising concerns over AI-semiconductor valuations hit the sector and dragged shares of SK Hynix and Samsung Electronics lower. Korea’s financial regulator is set to announce measures addressing controversy around leveraged ETFs linked to chipmakers. Separately, Brent crude climbed to $85.50 a barrel after the US launched a new round of airstrikes on Iran, intensifying risk-off sentiment on renewed worries about energy supplies.
