Wall Street’s AI Sell-Off Spills Into Seoul, Sinking KOSPI Below 5,000
AI summary
South Korea's KOSPI fell below 5,000 on Friday for the first time since February, with an 8% drop after the open triggering a circuit breaker that halted trading for 20 minutes. SK Hynix shareholders took one of the sharpest hits, with the stock sinking 11.71% to 1,116,000 won despite record quarterly sales reported last week. The spillover from Wall Street's AI sell-off signals broad risk-off pressure in tech-heavy equities, a backdrop that typically weighs on crypto sentiment as investors trim exposure to high-beta assets.
