AI chip boom snaps: South Korea’s KOSPI crashes 10%, triggers circuit breaker
After eight days of record gains, memory‑chip leaders Samsung and SK Hynix tumbled more than 12%, pulling the KOSPI down 10% and activating a 20‑minute circuit‑breaker halt. The sell‑off exposes how the AI‑driven rally has left the Korean market overly concentrated and vulnerable to rapid sentiment swings.