South Korea’s KOSPI plunges 6.2% to 7,546.10 as AI-driven chip rally faces scrutiny
AI Market Summary
South Korea's KOSPI plunged 6.2%, triggering a program-trading curb, as AI-driven semiconductor optimism faded. Samsung Electronics and SK Hynix—over half the index weight—sold off sharply amid doubts about the durability of AI memory demand and reports Apple may consider Chinese chip suppliers. Broad declines and $851m in foreign net selling tighten regional risk sentiment and raise near-term volatility for Korea-linked equities.
Impact level
● Medium
Affected assets
NCSIKOSPI2USD/USDT-7.51%
AI Insight · NCSIKOSPI2USD/USDTAI Insight
▼ Bearish
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South Korea’s KOSPI slid 6.2% to 7,546.10 in a single session, triggering a “sidecar” curb that temporarily halted programme trading. Samsung Electronics fell 7.47% and SK Hynix dropped 6.70%, and together they account for more than half of the index’s weight. Other heavyweights including LG Energy Solution, Hanwha Ocean and Hyundai Motor also posted steep losses. Foreign investors were net sellers of South Korean stocks, offloading $851 million worth on the day.
