South Korea's Kospi Index Sinks More than 7% on Semiconductor Share Sell-Off over AI Boom Worries
Foreign investors sold 2.3 trillion won as worries over AI valuations and chip competition deepened, while Samsung Electronics and SK hynix led losses.
- On Tuesday, Oct. 13, 2026, South Korea's KOSPI and KOSDAQ plummeted, with the Korea Exchange activating a sell-side sidecar as KOSPI dropped 7.4% to 5,914.35, its lowest level since late July.
- Investors sold off semiconductor shares amid concerns over rising competition from China and AI valuations, following a mixed U.S. session where the Nasdaq Composite fell 0.44% and the Dow Jones Industrial Average rose 0.38%.
- Market behemoth Samsung Electronics plunged 7.29% and SK Hynix declined 8.35%, while Hanwha Aerospace dropped 5.34% and Hyundai Motor shed 5.78% in the widespread selloff.
- Foreigners sold a net 2.3 trillion won worth of stocks, though institutions and individuals bought a net 808.9 billion won and 1.27 trillion won respectively.
- Broader Asian markets also declined, with Japan's Nikkei 225 dropping 2.5% and chip equipment maker Tokyo Electron falling 6.6% in regional trading.
45 Articles
45 Articles
South Korea's Kospi index sinks more than 5% on semiconductor share sell-off over AI boom worries
South Korea’s benchmark Kospi index has fallen more than 5% on a sell-off of chip shares and Asian shares have mostly declined after U.S. stocks ended mixed. U.S. futures also are mixed and oil prices have dropped as tensions in…
South Korea’s Kospi index sinks more than 7% on semiconductor share sell-off over AI boom worries
HONG KONG (AP) — South Korea’s benchmark Kospi index dropped more than 7% on Tuesday on a sell-off of chip shares, and Asian shares mostly declined after U.S. stocks ended mixed. U.S. futures were also mixed, and oil prices fell as escalating tensions in the Middle East continued. The Kospi index was down 7.4% to...
South Korea's Kospi index sinks more than 7% on semiconductor sha
HONG KONG (AP) — South Korea’s benchmark Kospi index dropped more than 7% on Tuesday on a sell-off of chip shares, and Asian shares mostly declined after U.S. stocks ended mixed. The Kospi index was down 7.4%
Bozeman Daily Chronicle
South Korea's Kospi index sinks more than 7% on sell-off of semiconductor shares over AI boom worries
South Korea's Kospi index sinks more than 7% on sell-off of semiconductor shares over AI boom worries.
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