The KOSPI tumbled nearly 10%, with Samsung and SK Hynix leading a historic sell-off
South Korean stocks suffered their sharpest drop in more than three months on Tuesday as fears that an AI-driven rally pushed semiconductor valuations to unsustainable levels sparked a market-wide sell-off.
The benchmark Korea Composite Stock Price Index (KOSPI) plunged 9.99%, shedding 910.71 points to close at 8,203.84.
The Korea Exchange (KRX) activated a market-wide circuit breaker at around 2:33 PM after the KOSPI fell more than 8% from the previous session’s close. Trading in all stocks was halted for 20 minutes, marking the fourth such suspension this year…
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