KOSPI plunge slashes AI chip demand, imperils semiconductor supply chain
A 10% drop in Asian equities since June, driven by a sharp KOSPI plunge, has cut the iShares South Korea ETF by 26% and rattled chip makers. The sell‑off raises doubts about AI‑fuelled demand for memory and high‑bandwidth chips, potentially choking the hardware supply chain that underpins the global AI boom.