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Kospi ends 8% lower as chip rout deepens; Samsung, SK Hynix crash up to 10%
South Korea's KOSPI index experienced a significant selloff, plunging 8.23% as investors cashed in on the AI rally, revealing the market's heavy reliance on semiconductor stocks. This sharp reversal, exacerbated by geopolitical tensions, saw major chipmakers like Samsung and SK Hynix tumble, highlighting the index's concentration risk.
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independent.co.uk
Asian shares drop, with South Korea's Kospi down more than 5%
Shares have fallen in Asia, with South Korea's benchmark dropping more than 5%, after sharp declines for some big artificial intelligence-related stocks in the U.S. U.S. futures…
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zerohedge.com
Futures Drop On Souring Chipmaker Sentiment, Kospi Plunge
“Following a period of upward revisions to earnings expectations across the sector, investors are taking a more selective approach to new information and guidance updates,”
