Kospi tumbles 6% as AI investors fear rally may be overblown. A bigger crash coming closer?
South Korea's Kospi index dropped significantly, led by chip stocks. Investors questioned the sustainability of record earnings driven by artificial intelligence demand. Samsung Electronics and SK Hynix, major index components, saw substantial declines. Other sectors like battery and shipbuilding also faced considerable losses. Foreign investors continued to be net sellers of South Korean equities.
South Korea's Kospi index dropped significantly, led by chip stocks. Investors questioned the sustainability of record earnings driven by artificial intelligence demand. Samsung Electronics and SK Hynix, major index components, saw substantial declines. Other sectors like battery and shipbuilding also faced considerable losses. Foreign investors continued to be net sellers of South Korean equities.
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