KOSPI index falls as investors sell off chip stocks after stretched rally

Global stock markets are experiencing a significant sell-off led by Big Tech, as declines on Wall Street reverberate worldwide and the SpaceX rally reverses. This trend is evident in the KOSPI index, which fell sharply as investors sold off chip stocks following a stretched rally. These movements highlight the vulnerability of markets to external shocks and indicate potential for increased volatility amid global uncertainties, reflecting a broader correction across international equity markets.