South Korea's KOSPI fell as much as 5.5% in its latest session, extending one of the fastest stock-market declines in modern Asian history and leaving the index down about 38% from its June peak in just 27 trading days. Samsung Electronics and SK Hynix each dropped around 9%, while foreign investors sold roughly $698 million worth of Korean equities. The slide comes amid concerns over China's advances in AI and semiconductor technology.
South Korea's KOSPI fell as much as 5.5% in its latest session, extending one of the fastest declines in modern Asian market history. The index has now dropped about 38% from its June peak in just 27 trading days, even after a brief rebound last week.
Samsung Electronics and SK Hynix both declined around 9%. Foreign investors, meanwhile, sold approximately $698 million worth of Korean equities after record buying on Friday.
Concerns over China's rapid advances in AI and semiconductor technology continue to weigh on sentiment toward South Korea's chipmakers and the broader equity market.
Source: Coinpedia Fintech News (snippet-based)
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