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South Korean stocks crash as fears of AI overvaluation grip market

Jun 23, 2026, 4:14 PM10
(Update: Jun 23, 2026, 4:14 PM)
South Korean multinational electronics corporation
South Korean memory semiconductor supplier

South Korean stocks crash as fears of AI overvaluation grip market

  • The KOSPI index fell nearly 10%, marking its sharpest drop in over three months.
  • Samsung Electronics and SK Hynix, key players in the semiconductor market, saw significant declines in their stock prices.
  • Concerns about unsustainable valuations and profit-taking led to a market-wide sell-off, raising questions about the stability of the AI-driven rally.
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