Wall Street’s AI Sell-Off Spills Into Seoul, Sinking KOSPI Below 5,000
South Korea’s KOSPI fell below 5,000 on Friday for the first time since February. An 8% slide after the open triggered a circuit breaker, halting trading for 20 minutes. SK Hynix shareholders absorbed one of the sharpest losses. The stock sank 11.71% to 1,116,000 won, even though the chipmaker reported record quarterly sales last week. The post Wall Street’s AI Sell-Off Spills Into Seoul, Sinking KOSPI Below 5,000 appeared first on BeInCrypto.
Key Takeaways
- South Korea’s KOSPI fell below 5,000 on Friday for the first time since February.
- An 8% slide after the open triggered a circuit breaker, halting trading for 20 minutes.
- SK Hynix shareholders absorbed one of the sharpest losses.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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