South Korea's Kospi index dropped 44% from its June peak amid global AI growth worries and foreign fund outflows. Despite the sharp pullback into bear market territory, Nomura projects up to 109% upside, setting a 10,000-11,000 target driven by corporate share buybacks, strong AI earnings, and governance reforms.

South Korea's Kospi index has plunged over 9% on heavy selling of chipmaking stocks that have gyrated recently due to concerns over the sustainability of the boom in artificial…

South Korea's Kospi index dropped 8% as Samsung Electronics and SK Hynix shares plunged, driven by AI financing risks and growing competition from China's semiconductor industry.