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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.
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32 Articles
32 Articles
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%
·Baltimore, United States
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South Korea's Kospi index sinks more than 7% on semiconductor share sell-off over AI boom worries
South Korea’s benchmark Kospi index has dropped more than 7% on Tuesday on a sell-off of chip shares and Asian shares mostly declined after U.S. stocks ended mixed.
·Orlando, United States
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Coverage Details
Total News Sources32
Leaning Left5Leaning Right3Center5Last UpdatedBias Distribution39% Left, 38% Center
Bias Distribution
- 39% of the sources lean Left, 38% of the sources are Center
39% Left
L 39%
C 38%
R 23%
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