South Korea KOSPI hits six-month low on chip slump
South Korea benchmark index drops sharply as chipmakers tumble amid rising US inflation concerns and AI investment doubts. Authorities hold an emergency meeting to review market stability.
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South Korea's benchmark KOSPI index fell 7.57% to 5,554.22 on Thursday, hitting a six-month low as a heavy chipmaker selloff triggered a circuit breaker. The drop extended the losing streak to seven consecutive sessions after sticky inflation data from the United States raised rate-hike bets. Global investors are questioning the sustainability of AI infrastructure spending and capital returns.
