{
  "id": 14154767,
  "title": "KOSPI plunges 5.46% as AI fears rattle markets",
  "url": "https://urgent.news/2026/10/13/kospi-plunges-5-46-as-ai-fears-rattle-markets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T06:38:06.000Z",
  "source": {
    "name": "The Hankyoreh",
    "slug": "the-hankyoreh",
    "url": "https://www.hani.co.kr/arti/english_edition/e_business/1282197.html"
  },
  "original_language": "en",
  "account": "On Tuesday, the Korean benchmark KOSPI experienced a significant drop of 5.46%, briefly dipping below the 6,000 mark due to concerns surrounding the artificial intelligence industry. This marked a steeper decline compared to other Asian markets, highlighting the Korean stock market's susceptibility to volatility. The KOSPI finished at 6,035.35, a 5.46% decrease from the previous session, after initially opening 3.10% lower at 6,186.08. The index plummeted as low as 5,911.11 throughout the trading day, marking the first instance of a KOSPI trading below 6,000 intraday since a market rout in late July, which prompted circuit breakers to activate twice consecutively. A sell-sidecar mechanism was also initiated for the first time in nearly two months, following a more than 5% drop in KOSPI 200 futures from the prior session. The market downturn was primarily fueled by doubts about the semiconductor supercycle driven by demand from AI data centers, leading to declines in major Korean chipmakers. Samsung Electronics saw a 7.39% drop, closing at 232,000 won, while SK Hynix fell by 10.09% to 1.443 million won. Other Asian markets, such as Japan's Nikkei 225 and Taiwan's Taiex, experienced less severe losses, with Nikkei declining 1.82% and Taiex falling 1.95%. The KOSPI's sharper decline was partly due to domestic market weaknesses, such as reduced investment inflows and a dwindling number of buyers. Foreign investors were net sellers of 4.5 trillion won (approximately US$3.1 billion) worth of Korean stocks on Tuesday.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hankyoreh",
        "title": "KOSPI plunges 5.46% as AI fears rattle markets",
        "url": "https://urgent.news/2026/10/13/kospi-plunges-5-46-as-ai-fears-rattle-markets-14157982",
        "published": "2026-10-13T06:42:06.000Z"
      }
    ]
  },
  "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."
}