South Korea's Kospi sinks 7% on AI chip selloff — SkimNews
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- South Korea's Kospi index sank over 7% in a semiconductor-driven sell-off, with Yahoo Finance reporting the broader South Korean market down about 6%.
- Korean chip stocks declined on worries about Chinese rivals and cautious remarks from Broadcom, compounding concerns that the AI investment boom is cooling.
Why it matters: South Korea's Kospi — recently dubbed the world's hottest AI stock market — lost more than 7% in a single session as chip stocks sold off on fears of Chinese competition and signals from Broadcom that AI-driven demand may be moderating.
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