South Korea’s Kospi index experienced a significant decline on Tuesday, dropping by more than 9% and triggering a mandatory trading halt. The downturn was driven by heavy selling of chipmaking stocks, which have faced increased volatility in recent sessions.
The sell-off reflects growing investor concern regarding the sustainability of the artificial intelligence boom, which has previously fueled growth in the semiconductor sector. Alongside the drop in South Korean equities, broader Asian markets have seen declines, while oil prices fell by more than 1%.
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