Global Markets Rattled by AI Chip Trade Turmoil in South Korea
Global Markets Rattled by AI Chip Trade Turmoil in South Korea
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South Korea's KOSPI stock market experienced its second circuit breaker in a week, driven by significant volatility in the AI chip trade. This 8.19% intraday plunge on Friday impacted global markets, including Wall Street and Tokyo, signaling growing concerns about AI chip exposure.
South Korea’s stock market index, the KOSPI, triggered its second circuit breaker in a single week amid the AI chip trade, rattling global markets. Friday’s 8.19% intraday plunge forced another 20-minute halt and dragged Wall Street, Tokyo, and Tokyo-listed SoftBank sharply lower. The cascade is now the clearest sign that AI chip exposure has become