Wall Street’s AI Sell-Off Spills Into Seoul, Sinking KOSPI Below 5,000
Open the sourceReported by BeInCrypto, beincrypto.com, 6 November 2026, by Kamina Bashir
70Impact 70 of 100, notable
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South Korea’s KOSPI fell below 5,000 for the first time since February, with an 8% drop after the open triggering a 20-minute circuit breaker. SK Hynix shares sank 11.71% to 1,116,000 won despite the chipmaker reporting record quarterly sales last week. The sell-off stemmed from Wall Street’s AI-driven retreat spilling into Seoul. The move matters because it shows how quickly AI-related optimism can reverse across global markets.
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Named in this story
KOSPI, SK Hynix, Wall Street, Seoul