S.Korea's KOSPI tumbles nearly 5% as chipmakers slump on AI worries

South Korea's KOSPI index tumbled nearly 5% on Tuesday, led by a slump in chipmaker stocks amid growing worries over the artificial intelligence sector. The benchmark index fell 4.8% to 2,456.32, its biggest daily drop since August 2024, with Samsung Electronics and SK Hynix both plunging more than 6%.

S.Korea's KOSPI tumbles nearly 5% as chipmakers slump on AI worries By rvzSource: Hacker News AI https://news.ycombinator.com Article URL: https://www.reuters.com/world/asia-pacific/skoreas-kospi-tumbles-nearly-5-chipmakers-slump-ai-worries-2026-07-07/ https://www.reuters.com/world/asia-pacific/skoreas-kospi-tumbles-nearly-5-chipmakers-slump-ai-worries-2026-07-07/ Comments URL: https://news.ycombinator.com/item?id=49078092 https://news.ycombinator.com/item?id=49078092 Points: 6 Comments: 1 Get AI news in your inbox Daily digest of what matters in AI.