South Korea’s benchmark Kospi index has dropped more than 7% on Tuesday on a sell-off of chip shares and Asian shares mostly declined after U.S. stocks ended mixed. The Kospi index is down 7.4% to 5,914.35, its lowest level since late July. It had reached an all-time high in June after crossing 9,000, supercharged by the global artificial intelligence boom. Samsung Electronics has fallen 7.7%, while memory chipmaker SK Hynix has plunged 8.8%. Japan’s Nikkei 225 has dropped 2.5% to 67,292.39. Chip equipment maker Tokyo Electron has fallen 6.6%. SoftBank Group, an OpenAI investor, has lost 8%.
From
To
Dealers walk past the screen showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Oct. 13, 2026. (AP Photo/Lee Jin-man)
Screens showing the Korea Composite Stock Price Index (KOSPI), the Korean Securities Dealers Automated Quotations (KOSDAQ) and the foreign exchange rate between U.S. dollar and South Korean won are seen at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Oct. 13, 2026. (AP Photo/Lee Jin-man)
Members of media report near the screens showing the Korea Composite Stock Price Index (KOSPI), the Korean Securities Dealers Automated Quotations (KOSDAQ) and the foreign exchange rate between U.S. dollar and South Korean won at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Oct. 13, 2026. (AP Photo/Lee Jin-man)
Dealers work near the screens showing the foreign exchange rates at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Oct. 13, 2026. (AP Photo/Lee Jin-man)
A dealer walks past the screen showing the Korea Composite Stock Price Index (KOSPI) at a dealing room of Hana Bank in Seoul, South Korea, Tuesday, Oct. 13, 2026. (AP Photo/Lee Jin-man)
OMAHA, Neb. (AP) — Even in the age of algorithms, short attention spans and TikTok teases, Warren Buffett continued to profit with his patient…
Traders work on the floor at the New York Stock Exchange in New York, Wednesday, Sept. 16, 2026. (AP Photo/Seth Wenig)
MIAMI (AP) — A close ally of ousted Venezuelan President Nicolás Maduro pleaded guilty Tuesday to a single count of money laundering tied to a…