AI bubble concerns, South Korean stocks plunge 4%
2025-11-05 00:34:43
South Korean stocks tumbled more than 4 percent on Wednesday, continuing a trend on Wall Street that has tumbled amid concerns about overvaluation and an artificial intelligence bubble. On the day, South Korea's KOSPI index fell 135.79 points (3.29 percent) within 15 minutes of opening, falling below 4,000 again more than a week after breaking through it. Market leader Samsung Electronics fell 4.29 percent, its chip-making rival SK Hynix fell 4.78 percent, and Hyundai Motor and Hanwha Aerospace both fell more than 3 percent. Overnight, major U.S. stock indexes closed lower, and blue-chip tech stocks such as Nvidia and Palantir fell on concerns about an AI bubble. Wall Street executives said the market may pull back to develop further.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
