South Korea's stock market saw a dramatic fall on Friday. This happened after a massive rally pushed valuations to extreme levels. The market's dependence on a few AI chip companies became clear. Samsung Electronics and SK Hynix, key players, experienced significant drops. This led to a broad index decline. Global factors also contributed to the market's weakness.

South Korean stocks rebounded by more than 2 percent to settle above the 7,800-point mark Wednesday as investors scooped up semiconductor and auto shares amid l

Kospi’s meteoric climb stirs debate over how long AI-driven demand can last