Wall Street’s AI Sell-Off Spills Into Seoul, Sinking KOSPI Below 5,000

South Korea’s KOSPI fell below 5,000 on Friday for the first time since February. An 8% slide after the open triggered a circuit breaker, halting trading for 20 minutes. SK Hynix shareholders absorbed one of the sharpest losses. The stock sank 11.71% to 1,116,000 won, even though the chipmaker reported record quarterly sales last week. How Wall Street’s AI Sell-Off Crossed the Pacific The losses began in New York. The S&P 500 fell 4.36% on Thursday, while the Nasdaq dropped 5.52%. Chip stocks fared worse, as the Philadelphia Semiconductor Index sank 12.25%, its steepest drop since March 2020. BeInCrypto reported three pressures behind that rout: Incoming governors in Texas, Georgia, and Ohio pledged to pause or restrict new data centers.

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