EconomySouth Korea’s stock market plunges as AI-driven boom fades

South Korean stocks fell for a second straight session as waning enthusiasm for chipmakers drove a sharp sell-off. The KOSPI briefly dropped 12.6% and closed 6% lower, following Tuesday’s near-11% rout, erasing about $2.18 trillion in market value. The government is considering tighter limits on single-stock leveraged ETFs and other stabilisation measures.

South Korea stocksKOSPIAI investmentchipmakers

AAl Jazeera★★★★☆2026-07-29 17:48Original