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South Korea’s ‘Ant’ Army Is Driving an AI Market Frenzy

The KOSPI index crashed after a sustained rally toward 9,000 points driven by AI semiconductor hype. Major chipmakers Samsung Electronics and SK Hynix led the sell-off, triggering multiple circuit breakers. High leverage among retail investors, including elderly citizens, intensified the plunge.

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What changed

The market has shifted from an AI-driven rally to a sharp slump characterized by trading halts and a foreign capital exodus.

Live updates

  1. South Korea's AI Stock Frenzy Ends in Market Crash

    The KOSPI index crashed after a sustained rally toward 9,000 points driven by AI semiconductor hype. Major chipmakers Samsung Electronics and SK Hynix led the sell-off, triggering multiple circuit breakers. High leverage among retail investors, including elderly citizens, intensified the plunge.

    What's confirmed:

    • The KOSPI index recently crashed and triggered circuit breakers.
    • The sell-off was led by chipmakers Samsung Electronics and SK Hynix.
    • South Korean stocks slumped 6% as chipmakers were hit by a renewed sell-off.
    • The market experienced its second trading halt this week.

    Still unconfirmed:

    • Some elderly citizens cashed out insurance policies to invest in stocks.
    confidence 90%