Micron Stock Plunges Nearly 10% as Global Memory Chip Selloff Deepens Amid CXMT Threat Worldwide

Kospi index falls 8% as China competition sparks tech sell-off

Korea's bourse operator on Tuesday activated a sell-side sidecar for the benchmark Korea Composite Stock Price Index (KOSPI) after the index fell sharply, led by losses in tech heavyweights.

AI stock sell-off continues as investors dump chipmakers

South Korea’s Kospi index plunged more than 9% Tuesday on heavy selling of chipmaking stocks that have gyrated recently due to concerns over the sustainability of the boom in artificial intelligence.