Sell-off on the South Korea’s chip-centric Kospi index as AI boom compared to the final months of the dotcom era

KOSPI plunged over 8% as Samsung and SK Hynix led a broad chipmaker selloff. Foreign investors sold $2.6 billion in shares amid shifting AI sentiment.

South Korean stocks experienced a significant downturn on Friday, marking their steepest weekly decline in over three months. This slump was triggered by a sell-off in U.S. tech…