KOSPI Plunges 5.5% as AI Chip Panic Spreads
South Korea’s tech-heavy KOSPI plunged 5.5% on Tuesday, with trading halted as concerns about the durability of the AI trade spread across Asian markets.
The chip sell-off spread globally on Tuesday, hitting South Korea and other Asian markets as investors questioned whether the artificial-intelligence trade could withstand the approaching earnings season. 5%, prompting a trading halt at…