Macro5:12 AM ET

KOSPI plunges 5.5% as AI chip panic spreads to Asia

By BORSA NewsroomPublished Oct 13, 2026, 5:12 AM EDTUpdated Oct 13, 2026, 5:26 AM EDT

South Korea's KOSPI fell 5.5%, halting trading, as fears over Chinese AI chip rival CXMT and Broadcom CEO's 'casino' comments hit Samsung and SK Hynix. The selloff extends Monday's US semiconductor rout.

Sentimentbearish 30

Bearish · 30 of 100

Impact70

medium · sector-wide

Confidence90%

high confidence · single wire

Eventdeveloping

v1 · alerted to followers

WHAT WE KNOW

KOSPI fell 5.5%, trading halted