KOSPI Falls 3.5% at Open as 2026 Gain Shrinks From 116% to 31%
South Korea's KOSPI fell 3.5% at the open, cutting its 2026 gain to 31% as chip stocks and AI spending doubts weigh. The post KOSPI Falls 3.5% at Open as 2026 Gain Shrinks From 116% to 31% appeared first on BeInCrypto.
AI summary
South Korea's KOSPI dropped 3.5% at the open, reducing its 2026 year-to-date gain from 116% to 31%. The selloff was driven by weakness in chip stocks and growing doubts about AI capital spending. A sharp equity drawdown in a tech-heavy Asian index can spill into risk sentiment for crypto, since AI and semiconductor narratives are correlated with broader risk appetite.
