{
  "id": 14151090,
  "title": "KOSPI plunges 5.46% as foreign selling drives valuations to record low",
  "url": "https://urgent.news/2026/10/13/kospi-plunges-5-46-as-foreign-selling-drives-valuations-to-record-low-14151090",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T08:17:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/economy/20261013/kospi-plunges-546-as-foreign-selling-drives-valuations-to-record-low"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Korea Times reports that the KOSPI index experienced a significant drop of 5.46 percent on Tuesday, driven by heavy foreign selling and declining sentiment towards semiconductor stocks. The benchmark index closed at 6,035.35, marking a 12-month forward price-to-earnings ratio at a record low. A sell-side sidecar was triggered at 9:47 a.m., marking the 26th activation this year. Foreign investors sold a net 4.51 trillion won ($3.36 billion), while institutional and retail investors bought 1.69 trillion won and 2.23 trillion won, respectively. Semiconductor stocks, particularly SK hynix and Samsung Electronics, led the decline, with SK hynix falling 10.09 percent and Samsung Electronics dropping 7.39 percent. The decline in semiconductor stocks is attributed to factors such as Toshiba's plans to expand HDD production and CXMT's planned launch of new server memory products.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "KOSPI plunges 5.46% as foreign selling drives valuations to record low",
        "url": "https://urgent.news/2026/10/13/kospi-plunges-5-46-as-foreign-selling-drives-valuations-to-record-low",
        "published": "2026-10-13T07:12:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}