AI crash coming closer? South Korea’s Kospi down 8%, triggers trading halt (opens original article in a new tab)

South Korea's Kospi fell over 8%, triggering a trading halt as investors sold chip stocks amid concerns of an overheated market rally, with SK Hynix and Samsung leading the decline.

• South Korean stocks plunged 8% as investors sold chip stocks due to concerns of an overstretched market rally
• Kospi triggered a 20-minute trading halt via circuit breakers
• SK Hynix dropped over 11% and Samsung fell over 8%
• Micron's earnings are seen as a key indicator for chip stocks' performance
• Foreign investors sold over 4 trillion won in Kospi shares by midday