Korean Stocks Tumble as Investors Rush to Offload Tech Sh…

South Korean stocks experienced a drastic decline on June 7, 2026, with the Kospi Index dropping over 8%, leading to a temporary trading halt. This downturn was prompted by investors retracting their investments in artificial intelligence, which had previously supported a global equity market rally. Major firms like Samsung Electronics saw their shares plunge by as much as 11%, while SK Hynix's stock fell by 10%.

Markets

FacebookXLinkedIn

EmailLink

Gift

FacebookXLinkedIn

EmailLink

GiftGift this article

Confidential tip?\ Send a tip to our reporters

Site feedback:\ Take our SurveyNew Window

FacebookXLinkedIn

EmailLink

Gift

By Youkyung Lee

June 7, 2026 at 8:08 PM EDT

Updated on June 7, 2026 at 9:28 PM EDT

BookmarkSave

Translate

South Korean stocks plunged, imperiling the world’s biggest rally, as investors pulled back from artificial intelligence bets that have fueled the bull market in global equities.

The Kospi Index tumbled more than 8%, triggering a 20-minute trading halt by the stock exchange shortly after market open. Memory maker Samsung Electronics Co. fell as much as 11% while peer SK Hynix Inc. slid 10%.

Before it's here, it's on the Bloomberg Terminal\ \ Bloomberg Terminal LEARN MORE

Read Original at Bloomberg.com →

Korean Stocks Tumble as Investors Rush to Offload Tech Shares