KOSPI Falls 8% as AI Stock Rout Hits Asia
South Korea's KOSPI fell 8% to below 5,000 and Japan's Nikkei dropped 5% as markets reacted to the US elections and a sell-off in AI stocks. Samsung and SK Hynix shares sank. Reports say Asian markets followed a US rout as worries about AI investment spread.
Context
KOSPI is South Korea's main stock index and the Nikkei is Japan's, and both have climbed strongly on the AI boom. Samsung and SK Hynix make memory chips used in AI data centres, so their share prices often move with hopes about AI spending.
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