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KOSPI Plunges on US Big Tech Slump

On Oct. 30, the KOSPI opened sharply lower, falling 2.99% to 5,760.35, after U.S. big tech stocks like Alphabet plunged overnight, triggering disappointment selling (Business Korea, KBS World). The index later tumbled more than 4% in morning trade, and by late Friday morning it was down over 5%, led by tech losses amid renewed AI-boom concerns (KBS World, Korea Times). The KRX activated a sell-side sidecar, suspending program trading for five minutes (Korea Times). Earlier in the week, the KOSPI had already fallen 3.52% on Oct. 22 and 1.24% on Oct. 29, reflecting persistent tech-led volatility (KBS World).

  1. [Opening Market] KOSPI Opens Sharply Lower Below 6,000 on U.S. Big Tech Plunge Business Korea · 2026-10-30
  2. KOSPI Opens 2.99% Lower on Friday KBS World · 2026-10-30
  3. KOSPI Tumbles More than 4% in Intraday Trading; Program Selling Halted KBS World · 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 3.52% Thursday KBS World · 2026-10-22
  7. KOSPI Down 1.24% Thursday KBS World · 2026-10-29

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