finance
South Korea's Kospi Falls 9.99% on Tuesday in Largest Drop Since March
The benchmark index triggered a circuit breaker after AI-linked stocks including Samsung Electronics and SK Hynix fell more than 12%. Regional Asian markets and U.S. futures also declined.
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Developing·Limited corroboration so far. This page will refresh as more sources emerge.
South Korea's Kospi closed 9.99% lower on Tuesday after triggering a circuit breaker, marking its largest decline since March 4. The drop followed a global tech selloff that hit AI-related shares hardest. Samsung Electronics ended 12.3% lower while SK Hynix fell 12.5%.
Both companies had reached the $1 trillion market-cap threshold last month. Japan's Nikkei 225 closed 3.6% lower. Hong Kong's Hang Seng Index fell more than 2% and China benchmarks also declined. The moves followed Monday's session on Wall Street in which the Nasdaq Composite fell 1.3% while the Dow rose 0.3%.
At 2:58 a.m. ET on Tuesday, S&P 500 futures stood at 7,446.25, down 1.3%, Dow futures at 51,855.00, down 0.5%, and Nasdaq futures at 29,969.50, down 2.2%. Bitcoin fell below $63,000 amid the broader risk-asset decline.
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Warning sign of reversalRoutine healthy rebalancing
Warning signRebalancing
CorroborationLimited · 2 sources
