The Korean stock market’s in freefall, and these are the reasons why The Korean stock market’s in freefall, and these are the reasons why Cheap Chinese competition and comparing AI investors to gamblers at the casino hitting chip stocks The Korean market peaked in June at 9385. On Tuesday it closed at 6035 The Korean stock market is in freefall once again. Fears of cheaper Chinese competition making ground and criticism leveled at investors in AI stocks by Broadcom’s chief executive combined to wipe more than 5% off its benchmark KOSPI index.
After suffering heavy losses last Friday and Monday, the Kospi’s losing streak extended to five consecutive sessions and the market now languishes more than a third below its all-time high set in June of this year. Korea’s two largest companies by market capitalization, Samsung Electronics , bore the brunt of the selloff with falls of 10% and 7% respectively, and the pair was responsible for roughly half the market’s decline. Copyright ©2026 MarketWatch, Inc.
All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Was Broadcom CEO bullish or bearish on AI? Here are the winners and losers, and where the U.S. fits. Nvidia and AMD shares fall as new AI announcements fail to re-energize investors Why Ciena, Lumentum and other optical stocks were among the market’s biggest losers on Monday Jules Rimmer is a markets reporter in London.
Rimmer spent more than 30 years as a trader and stockbroker, starting at Salomon Brothers in the “Liar's Poker” era, taking in ING Barings, Jefferies and ending it in emerging markets at Investec. He hung up his headset and pivoted to journalism in 2021. Intraday Data provided by FACTSET and subject to terms of use.
Historical and current end-of-day data provided by FACTSET. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only.
Intraday data delayed at least 15 minutes or per exchange requirements.
Extract — continue reading at the source.
