South Korea's Kospi Drops Nearly 5% as some AI Stocks Swoon, While Oil Keeps Climbing
Investors sold AI-linked shares as Brent crude rose above $90 a barrel and supply fears grew amid U.S.-Iran strikes, analysts said.
- On Monday, July 20, 2026, South Korea's Kospi fell 4.9% as investors unloaded stocks linked to artificial intelligence, with trading activity at Hana Bank in Seoul reflecting the broader market decline.
- Huge spending pledges on artificial intelligence are fueling bubble concerns, prompting investors to lock in profits; markets were further shaken by the rollout of Beijing-based Moonshot's powerful new model challenging OpenAI's GPT.
- Samsung Electronics lost 4.4% and SK Hynix fell 3.3% as chipmaking stocks declined sharply; Nvidia dropped 2.2%, while Broadcom and Advanced Micro Devices each fell 1% during the sell-off.
- Oil prices jumped more than 2%, with Brent crude trading above $90 a barrel as tanker traffic in the Strait of Hormuz has nearly ground to a halt, adding to supply pressures.
- ING commodities strategist Warren Patterson and colleague Ewa Manthey warned ongoing strikes are proving deadly for both sides, while markets face sustained pressure following last week's declines on the Nasdaq and The Dow Jones Industrial Average.
28 Articles
28 Articles
LancasterOnline
South Korea's Kospi drops 4.5% as some AI stocks swoon, while oil keeps climbing
Asian shares are mostly lower and South Korea's Kospi has fallen 4.5% as investors unload more stocks linked to artificial intelligence. Japan's markets were closed Monday for a holiday and U.S. futures have edged down. The price of Brent crude…
Asian markets mixed as AI selloff deepens; South Korea's Kospi slides nearly 5%
Asian markets mixed as AI-linked tech stocks extend selloff, South Korea's Kospi drops nearly 5%, while Middle East tensions lift oil above US$90 and investors watch Nvidia, TSMC, and global equities
The Economic Times
The Hindu Business LineSouth Korea's share market losses deepen as leveraged AI bets take a heavy toll
South Korean shares experienced a significant decline, triggering market-wide trading curbs. Investors are unwinding AI-linked trades, extending a sharp correction in the KOSPI index. This selloff highlights growing investor anxiety over leveraged bets on AI chipmakers. Markets also reacted to escalating Gulf conflict and rising oil prices. Major tech earnings are expected to further test investor confidence in the AI sector.
Associated Press News
Wall Street drifts as AI stocks hold steadier after last week’s losses
Wall Street drifted through a quiet day of trading as AI stocks trimmed some of their sharp recent losses.
Korea Stock Index Remains Volatile After 30% AI-Driven Selloff
The post Korea Stock Index Remains Volatile After 30% AI-Driven Selloff appeared first on Coinpedia Fintech News The Korea stock index remains volatile after the KOSPI dropped about 30% from its June peak in less than a month. The decline reportedly triggered margin calls for around 1.2 million trading accounts, with about 360,000 fully liquidated. Concerns over slowing AI spending weighed heavily on Samsung Electronics and SK Hynix, fueling for…
While global markets continue to assess the impact of artificial intelligence on valuations, the South Korean Stock Exchange is going through a period of high tension. After several months of dramatic growth by semiconductors and large technology companies, a violent correction has struck the local market. The movement has attracted the attention of investors after reports of a significant loss of capitalization of approximately 260,000 billion …
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