KOSPI slides 6.41% to 6,322.80 at the open as chip stocks slump
AI Market Summary
South Korea's KOSPI opened down over 6% and triggered a 20-minute sellside circuit breaker, led by sharp declines in Samsung Electronics and SK hynix after a further drop in the U.S. chip index. The move underscores fragile risk appetite around AI-related capex sustainability, outweighing any relief from eased Middle East tensions. A weaker won adds a modest macro headwind alongside equity stress.
Impact level
● Medium
Affected assets
NCSIKOSPI2USD/USDT-7.29%
AI Insight · NCSIKOSPI2USD/USDTAI Insight
▼ Bearish
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South Korea’s KOSPI fell 6.41% to 6,322.80 in early trading on Tuesday, prompting the exchange to trigger a 20-minute sellside sidecar. Losses followed a 2.2% drop in the PHLX chip index overnight, which weighed on Seoul tech shares, with Samsung Electronics down 7.68% and SK hynix off 9.36%. Hyundai Motor and LG Energy Solution also declined. While easing Middle East tensions were cited, they did little to calm concerns over the durability of heavy AI capital spending.
