South Korea’s KOSPI extended its sharp selloff, falling 3.9% in a single session as nearly 235 trillion won — roughly $160 billion — was erased from the market’s total capitalization.
The benchmark index has now plunged 10.3% from its all-time high, wiping out approximately 629 trillion won, or about $425 billion, in market value in just three trading sessions.
The heavy decline was driven by aggressive selling in AI and semiconductor stocks following their massive rally, triggering widespread profit-taking and foreign capital outflows from the Korean market.
Major technology and chip companies faced intense pressure as investors grew increasingly concerned about overstretched valuations after months of explosive gains across the sector.