South Korea’s Kospi extends selloff with 4% slide, down 9% over three sessions
AI Market Summary
South Korea's Kospi extended a sharp three-day selloff (down ~9%) as Samsung's decline amplified doubts about the durability of AI-driven memory demand. Foreign investors turned net sellers, reinforcing risk-off positioning. The weakness is spilling into global semiconductors, with major U.S. chip names also sliding on concerns that AI infrastructure spending could slow. Near-term sentiment toward Korea and chip-linked equities has deteriorated materially.
Impact level
● High
Affected assets
NCSIKOSPI2USD/USDT-0.84%
AI Insight · NCSIKOSPI2USD/USDTAI Insight
▼ Bearish
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South Korea’s Kospi fell for a third straight session, sliding another 4% and taking its three-day drop to 9%, its lowest level since late May. The decline was triggered after Samsung Electronics sank nearly 10% in the prior session despite forecasting a 19-fold jump in second-quarter operating profit, as investors questioned the durability of AI-led memory-chip demand. Foreign investors were net sellers of 471.7 billion won ($311.68 million) of Korean shares. Chip stocks also sold off globally, with Intel, Micron and others down more than 9%.
