Live Feeds
● LIVE Updated 29d ago · 18 sources tracked

Wall Street is getting trampled by an AI sell-off. South Korean market plunges 10%

A sharp sell-off in AI-driven tech stocks led to a 10% plunge in South Korea's KOSPI index on Tuesday. The crash triggered a circuit breaker and a 20-minute cooling-off period. This volatility has spread to Wall Street, raising concerns about the sustainability of AI valuations.

RSS Source map (16)

What changed

South Korean markets experienced a historic single-day drop that impacted global tech stocks.

Live updates

  1. AI Tech Sell-Off Triggers 10% Drop in South Korean KOSPI

    A sharp sell-off in AI-driven tech stocks led to a 10% plunge in South Korea's KOSPI index on Tuesday. The crash triggered a circuit breaker and a 20-minute cooling-off period. This volatility has spread to Wall Street, raising concerns about the sustainability of AI valuations.

    What's confirmed:

    • The KOSPI index fell 10% on Tuesday.
    • Samsung and SK Hynix shares dropped more than 12%.
    • The KOSPI plunge triggered a 20-minute cooling-off session via a circuit breaker.
    • AI-related stock volatility has impacted both Asian and US markets.
    • The KOSPI drop was the sharpest selloff in more than three months.

    Still unconfirmed:

    • A regulator cautioned on leveraged ETFs prior to the KOSPI plunge.
    • Most of Wall Street rose after oil prices eased following a war with Iran.
    confidence 90%