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South Korea Stocks Hit Nine-Month Low on AI Selloff

South Korean shares plunged to a nine-month low as US midterm election results triggered a steep selloff in AI and technology stocks. The KOSPI index dropped over eight percent in early trade, prompting emergency policy measures.

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Currency dealers talk in front of an electronic board displaying the exchange rate between the U.S. dollar and South Korean won, the Korea Composite Stock Price Index (KOSPI) and South Korean won and the Korea Securities Dealers Automated Quotations (KOSDAQ) at the dealing room of a bank in Seoul, South Korea, June 8, 2026.

South Korea stocks tumbled to a nine-month low on Friday as Democratic gains in the United States midterm elections triggered a sharp artificial intelligence selloff. The benchmark KOSPI index fell 3.9% to trade at 5,174.84 during the afternoon session after earlier hitting 4,911.28. The drop stems from policy uncertainty surrounding data center expansion and semiconductor demand across the Pacific.