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KOSPI plunges over 3% on US tech earnings, AI concerns

South Korean stocks fell sharply on Oct. 30, with the KOSPI dropping more than 3% and briefly sinking over 5% late in the morning, as losses in U.S. technology stocks and worries about returns on AI investments triggered selling in heavyweights Samsung Electronics and SK hynix (Korea Times, Yonhap). The market opened sharply lower after major U.S. big tech firms, including Alphabet, plunged overnight, with concerns over prolonged Fed tightening adding pressure (Business Korea). Yonhap reports Seoul shares dipped over 3% on the tech sell-off amid AI concerns. Korean investors are reacting with alarm, as the sell-off reflects broader anxiety over the sustainability of the AI boom and the cost of financing AI investments, with Amazon, Microsoft, and Alphabet earnings seen as a key test (Korea Times).

  1. KOSPI falls 3.48% as US tech earnings fuel AI investment concerns Korea Times · 2026-10-30
  2. [Closing Market] KOSPI Plunges 3.5%, Barely Holding 5,700 Level Amid Global Tech Rout Business Korea · 2026-10-30
  3. [Opening Market] KOSPI Opens Sharply Lower Below 6,000 on U.S. Big Tech Plunge Business Korea · 2026-10-30
  4. (URGENT) Seoul shares dip over 3 pct on tech selloff amid AI concerns Yonhap · 2026-10-30
  5. Seoul stocks down over 5% late Fri. morning on tech losses amid AI concerns Korea Times · 2026-10-30
  6. (2nd LD) Seoul shares dip over 3 pct on tech sell-off amid AI concerns Yonhap · 2026-10-30
  7. Big Tech earnings to test AI boom amid market turmoil Korea Times · 2026-10-28

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