South Korea’s KOSPI has fallen 27% over the past 25 days after reaching a peak gain of 122% earlier this year. The latest drop of more than 8% triggered a market-wide circuit breaker and a 20-minute trading halt. The sell-off was led by Samsung and SK Hynix, which together account for a large share of the index and are closely tied to AI memory chip demand. Investors are questioning whether strong earnings growth can be sustained, leaving the market highly volatile despite historically low valuations.
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