South Korea’s Kospi Falls 7.3% as Chipmaker Sell-Off Spreads Across Markets

SK Hynix and Samsung Electronics plunged on Tuesday amid concerns among AI investors. The Kospi was dragged down and was 7.3 percent lower by lunchtime.

In Japan, the movements were less dramatic but still noticeable. Chipmakers such as Kioxia, which was down 12 percent, were also weighing on the market. The Nikkei 225 was down 2.5 percent, while the broader Topix was down 0.5 percent.

Hong Kong’s Hang Seng and the Shanghai Composite were down 1.0 percent, while the Shenzhen Component was down 2.2 percent.