KOSPI Plunges 14.5% as AI Credit Stress Grows and Strategy Slows Bitcoin Buys

South Korea’s benchmark stock index fell 14.5% as AI-sector credit stress deepened, while Strategy faced a potential index exit and slowed Bitcoin buying, adding to cross-market risks for crypto investors. The KOSPI’s drop was its steepest since October 2008. Shares of Samsung Electronics and SK Hynix declined between 17% and 24%, extending pressure beyond the index. Credit markets also showed strain: CoreWeave’s credit-default swap spread reached 1,128 basis points, 828 basis points above Oracle’s 300 basis points. Technology-sector credit spreads continued to widen. The U.S. Strategic Petroleum Reserve fell to 283 million barrels, 30.5% below a year earlier, as stalled Strait of Hormuz talks raised energy-supply concerns. Strategy faces possible removal in MSCI’s November index review and has slowed its Bitcoin (BTC) purchases.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to TokenPost.