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Benzinga
Benzinga
Business
Rishabh Mishra

KOSPI Extends Historic Selloff After Worst Month Since 2008 as Samsung, SK Hynix Tumble Nearly 8%

Kospi SK Hynix Samsung Donald Trump Esmaeil Baqaei Artificial Intelligence South Korea
Samsung,Sign,,Logo,,Emblem,On,The,Facade,Of,The,Samsung

South Korea’s benchmark KOSPI index plunged more than 4% on Monday, extending a historic selloff as panic over artificial intelligence (AI) valuations overshadowed geopolitical relief.

The tech-heavy index surrendered its recent relief rally, dragged down by nearly 8% drops in semiconductor giants Samsung Electronics and SK Hynix Inc. (NASDAQ:SKHY), ignoring news that the U.S. had halted a planned military strike on Iran.

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