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The Independent UK

National

Via AP news wire

South Korea’s Kospi index sinks more than 9% on heavy selling of chipmaking stocks

South Korea Artificial Intelligence

South Korea Financial Markets - (Copyright 2026 The Associated Press. All rights reserved.)

South Korea’s Kospi index plunged more than 9% Tuesday on heavy selling of chipmaking stocks that have gyrated recently due to concerns over the sustainability of the boom in artificial intelligence.

The Kospi dropped 9.5% to its lowest level since April as chipmakers Samsung Electronics and SK Hynix dropped sharply.

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