KOSPI Falls Far Harder Than Nikkei as AI Earnings Scare Hits Chipmakers
AI summary
South Korea's KOSPI dropped 4.77% to 5,654.61 by 10:40 a.m. Seoul time Friday, a sharper fall than Japan's Nikkei 225, which lost 2.81%. The selloff followed a 12.64% slide in Alphabet shares after the Google parent's capital spending more than doubled, hitting chipmakers like Samsung Electronics. Traders read the AI earnings scare as a risk-off signal for tech-heavy equity markets, with crypto likely to feel spillover pressure from broader risk aversion.
