South Korea's KOSPI plunges 8% as AI stock selloff hits Seoul
South Korea's KOSPI index plunged over 8% in early trading on November 6, falling below the 5000 mark for the first time in nine months, before closing at 5059.69, down 6.02%, amid a US-led selloff of AI-related tech stocks. Samsung Electronics fell 6.35% and SK Hynix dropped 10.44%. Foreign investors net sold 2.69 trillion won, while institutional investors bought 1.709 trillion won. Asian markets also declined, with Japan down 5.96% and Taiwan down 4.51%. The KOSPI had already fallen over 5% the previous day on AI data center regulation concerns, totaling an 11% drop in two days. South Korea's Deputy Prime Minister Lee Hyun-il announced emergency measures to ease margin loan requirements starting November 9.