South Korea’s AI-chip rally unwinds as KOSPI drops 41% from its peak
SumitGup · x · 2026-07-29
- South Korea’s AI-driven stock rally has unwound sharply, with the KOSPI triggering emergency halts two days in a row.
- The index fell another 8.17% after a 10.84% drop the day before, leaving it down about 41% from the record high in roughly 28 trading days.
- SK Hynix reportedly posted record revenue and profit, but the broader market still sold off as leveraged retail investors were liquidated and margin pressure fed the decline.
- The post frames the move as a reversal of the AI-chip euphoria that had driven the market only days earlier, including Jensen Huang’s “golden age for Korea” remark.
Related event: Korean Authorities Intervene as AI Chip Stock Selloff Triggers Market Crash(4 posts)→
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