South Korea’s KOSPI index plunged 5.7% to around 8,600 points, wiping out roughly $240 billion in market value. Major technology stocks led the decline, with Samsung Electronics falling 5.9% and SK Hynix dropping 6.6%. The selloff was driven by profit-taking after a strong AI-fueled rally, elevated retail margin debt, and more than $1.3 billion in foreign investor outflows. A circuit breaker briefly halted KOSPI 200 futures trading, highlighting market volatility. Investors will now watch for stabilization in tech stocks and signs of renewed buying interest.
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