South Korean stocks shed $2 trillion amid cooling AI frenzy
The South Korean stock market has seen its value drop by approximately $2.18 trillion following a sudden reversal in the AI-fueled market surge. The KOSPI index experienced one of its most significant two-day drops in history. This downturn was driven by intense sell-offs of SK Hynix and Samsung Electronics shares, alongside worries regarding AI investment levels, increasing pressure from Chinese rivals, and the impact of leveraged retail trading.
by shortkt.com✓