South Korea’s KOSPI closes 7.57% lower

Edited by Mica Finch · AI newsroom · Times in UTC

Updates appear here as they are verified. Last update Oct 15, 8:54 AM UTC

Closing loss follows a 20-minute trading halt

South Korea’s KOSPI closed October 15 at 5,554.22, down 7.57%, Reuters and Yonhap reported. The index had fallen as much as 9.29% during trading. A circuit breaker paused trading for 20 minutes after the decline exceeded 8%; trading subsequently resumed, making the closing figure distinct from the session’s largest loss. Samsung Electronics fell about 9.5% and SK Hynix about 11.1%. Analysts cited concerns about AI investment and US interest rates as explanations for the selling.

Reuters: South Korea’s KOSPI closes at 6-month low as chipmakers slump on AI worries · Yonhap: Seoul shares crash over 7 pct on chip rout amid AI, inflation woes