KOSPI Plunges as Foreign Sell-Off Hits 11th Day Ahead of Samsung’s 'Explosive' AI Earnings

South Korea's equity market nears bear territory as AI demand outlook dims

KOSPI drops 8.2% into bear as SK Hynix and Samsung (50% of index) sell on AI memory oversupply fears. IT leaders must recalibrate capex: the 2026 memory scarcity narrative may reverse to oversupply by 2027, reshaping procurement and supplier strategy.