South Korea's Kospi drops nearly 5% as some AI stocks swoon, while oil keeps climbing
- Posted on July 20, 2026
- By The Toronto Star
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- 1 min read
In brief
Asian equity markets showed resilience Monday amid mixed trading signals, with South Korea's primary benchmark experiencing significant volatility. The Kospi index declined sharply by nearly 5%, primarily driven by profit-taking in technology and artificial intelligence-focused stocks. Conversely, energy commodities maintained their upward trajectory, with oil prices continuing their climb. This divergence highlights shifting investor sentiment across sectors, as market participants reassess valuations in high-growth technology segments while energy demand concerns ease.
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South Korea's Kospi drops nearly 5% as some AI stocks swoon, while oil keeps climbing
HONG KONG (AP) — Asian shares were mostly higher on Monday but South Korea’s Kospi fell nearly 5% as investors unloaded more stocks linked to artificial intelligence.
