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KOSPI plunges 3.48% on US tech rout, AI concerns

On Oct. 30, the KOSPI fell 206.92 points, or 3.48%, to close at 5,730.74, as losses in U.S. tech stocks and worries over AI investment returns triggered heavy selling in chipmakers Samsung Electronics (down 3%) and SK hynix (down 7%). Foreign investors net sold over 1.6 trillion won, and the KRX activated a sell-side sidecar, suspending program trading for five minutes. The KOSDAQ also dropped 3%. The decline followed a 1.24% fall on Oct. 29, with the index opening 2.99% lower and at one point sinking over 5% late morning. Korean media attribute the rout to U.S. big tech earnings disappointments, including Alphabet, and Fed tightening concerns.

  1. KOSPI falls 3.48% as US tech earnings fuel AI investment concerns Korea Times · 2026-10-30
  2. KOSPI Down 3.48% Friday KBS World · 2026-10-30
  3. 미국발 악재·외국인 매도에 코스피 3.48%↓…SK하이닉스 6% 이상 급락 매일경제 · 2026-10-30
  4. KRX activates sell-side sidecar for KOSPI on sharp fall Korea Times · 2026-10-30
  5. Seoul stocks down over 5% late Fri. morning on tech losses amid AI concerns Korea Times · 2026-10-30
  6. KOSPI Down 1.24% Thursday KBS World · 2026-10-29

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