South Korea’s Kospi index fell nearly 8% in Thursday trading, marking a severe downturn for the benchmark as semiconductor shares faced heavy selling pressure.
The drop was driven by a broad-based retreat in technology stocks, with investors pulling back from high-growth names amid renewed concerns about the sustainability of artificial intelligence valuations.
The decline represents a second consecutive session of severe losses for the benchmark, signaling that selling pressure is persisting rather than stabilizing.
Technology and semiconductor shares, which have been central to the index’s recent performance, bore the brunt of the sell-off as risk appetite evaporated across the market.
This sharp repricing reflects a broader shift in sentiment toward AI-related equities, where investors are increasingly questioning near-term earnings visibility and valuation multiples.
The sustained drop suggests that the market is undergoing a significant correction in the tech sector, with implications for regional equity flows and portfolio rebalancing.