South Korea’s Kospi slides 4.5% as AI-linked stocks sell off and global markets diverge
AI Market Summary
Escalating U.S.-Iran conflict risk is pressuring global risk assets and briefly lifted oil on supply concerns before stabilizing. South Korea's Kospi fell 4.5% amid a sharp selloff in AI-linked equities, signaling tightening risk appetite in high-beta tech exposure. European equities were mixed and U.S. futures slightly higher, but geopolitics is dominating near-term cross-asset positioning.
Impact level
● High
Affected assets
NCSIKOSPI2USD/USDT+7.98%
AI Insight · NCSIKOSPI2USD/USDTAI Insight
▼ Bearish
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The U.S. launched military strikes on Iran for a ninth straight night, and Iran responded by hitting several U.S. allies across the Middle East, escalating the conflict. South Korea’s Kospi dropped 4.5% as investors sold AI-related stocks. European markets were mixed, with Britain’s FTSE 100 slightly lower while France and Germany edged higher. Oil prices briefly rose on supply-risk concerns before stabilizing.
