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The Economic Times
The Economic Times
Business
Veer Sharma

Kospi plunges 8% as AI investors fear rally is overblown; trading halted for 20 mins

Kospi SK Hynix Samsung South Korea Artificial Intelligence United States Nasdaq Semiconductor

South Korean benchmark index Kospi tumbled 8% on Tuesday, with heavyweight chip stocks leading the decline as investors questioned whether record earnings driven by artificial intelligence demand could be sustained.

The benchmark KOSPI fell 8.03% or over 600 points to 7,404.48. The sharp selloff triggered circuit breakers, halting trading for 20-minutes.

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