South Korea’s Kospi Plunges 8% As AI Stock Selloff Hits Chipmakers
Published on: July 7, 2026, 11:27 a.m. | Source: Free Press Journal
South Korea’s benchmark Kospi index tumbled over 8% as investors continued selling AI-linked technology stocks amid concerns that valuations had moved ahead of fundamentals. Heavyweight chipmakers Samsung Electronics and SK Hynix led the decline. Broader Asian markets also weakened, with Japan, China, Taiwan and Hong Kong indices trading lower
