KOSPI slides 7.89% to 7,648.09 as global chip selloff hits Samsung and SK Hynix
AI Market Summary
South Korea's KOSPI fell nearly 8% amid a global semiconductor selloff after Meta's plan to sell AI computing power raised concerns about potential oversupply in AI infrastructure. Heavy declines in Samsung Electronics and SK Hynix amplified index losses, while large foreign net selling and a weaker won signaled tightening risk appetite. The move highlights sensitivity of regional equities to the AI capex cycle and chip-sector positioning.
Impact level
● High
Affected assets
NCSIKOSPI2USD/USDT-6.86%
AI Insight · NCSIKOSPI2USD/USDTAI Insight
▼ Bearish
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South Korean stocks tumbled on Thursday, with the KOSPI dropping 7.89% to 7,648.09, its lowest close since June 8. The decline was driven by a global selloff in chipmakers after Meta Platforms’ plan to sell computing power stirred concerns about excess AI capacity. Samsung Electronics fell 9.06% and SK Hynix sank 14.57%, while Micron Technology slid 10.57% in U.S. trading. Foreign investors were net sellers of 4,370.6 billion won in South Korean shares as the won weakened against the dollar.
