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KOSPI tumbles on US AI worries

Korean stocks opened lower Friday, tracking Wall Street losses as renewed concerns over the sustainability of the AI boom weighed on sentiment, Yonhap reports. The KOSPI tumbled more than 4% in morning trade, prompting a halt in program selling, according to KBS World. This follows a week of AI-driven volatility: on Oct. 22, Seoul stocks slid over 3% on profit-taking amid persistent AI woes, and on Oct. 26, the KOSPI fell 1.46% to close at 5,469.47, KBS World reports. Goldman Sachs cut its 12-month KOSPI target by 25% to 9,000, citing concerns over AI infrastructure returns, Business Korea reports. Korean investors are reacting to the same AI profitability worries that hit US markets, with chip shares leading the sell-off.

  1. (URGENT) Seoul stocks open lower on Wall Street losses, AI concerns Yonhap · 2026-10-30
  2. KOSPI Tumbles More than 4% in Intraday Trading; Program Selling Halted KBS World · 2026-10-30
  3. Seoul stocks slide over 3% on profit-taking amid persistent AI woes Korea Times · 2026-10-22
  4. KOSPI Down 1.46% Monday KBS World · 2026-10-26
  5. Goldman Sachs Cuts KOSPI Target to 9,000, Still Seeing Over 60% Upside Business Korea · 2026-10-26

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