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World's Best Index Falls Into Bear Market In Another Bad Sign For AI Stocks

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01:41 PM ET 07/27/2026

South Korea's roaring stock market has suddenly plunged into a bear market, a symptom of fading interest in the artificial intelligence trade. Even after rebounding the past week, the Kospi index is down 25.9% from its record close on June 22. The iShares MSCI South Korea ETF (EWY) is down nearly 28% from its June 18 peak. Typically, a decline…