Korea’s KOSPI crashes another 5% as AI rout deepens; AI bellwether down over 40% from peak
Chip heavyweight SK Hynix Inc. headed for its lowest close since April. Data-center infrastructure company Elice Inc. plunged as much as 32% in its trading debut in Seoul. Both AI bellwethers SK Hynix and Samsung have plunged 35% and 22%, respectively.
South Korea’s benchmark KOSPI fell 5% on Tuesday as a chip-led sell-off in artificial intelligence stocks deepened, cutting its 2026 gains to about 30% from roughly 116% at its record close in June. The index has dipped over 40% from its peak of 9,38... [6631 chars]
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- Business
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- Stock market, AI & gadgets
- First reported by
- The Economic Times
- Published
- Tuesday, 20 October 2026, 9:38 am IST
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- One outlet so far
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