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AI crash coming closer? South Korea’s Kospi down 8%, triggers trading halt

Posted on June 23, 2026
By Business News Today
0 Views
1 min read

AI crash coming closer? South Korea’s Kospi down 8%, triggers trading halt

South Korean stocks plunged sharply on Tuesday, with the Kospi falling over 8% from record highs as investors sold off major chip stocks amid concerns that the market rally had become overstretched. SK Hynix dropped more than 11%, while Samsung Electronics fell over 8%, prompting the Korea Exchange to halt trading for 20 minutes through circuit breakers.