Korean Stocks Plunge 9% on Chip Selloff

Korean stocks plummeted 9% following a significant chip selloff, reflecting deep market volatility. Simultaneously, European chip stocks experienced a decline as the AI selloff resumed across the region. Both markets are reacting to the downward pressure on semiconductor equities, driven by a broader trend of investors exiting AI-related positions. This synchronized drop highlights the current instability within the global chip sector as both Asian and European markets face substantial losses during this period.