The Korean stock market is in freefall once again. The benchmark KOSPI index lost more than 5% amid fears of cheaper Chinese competition and criticism directed at AI stock investors by Broadcom’s chief executive. Samsung Electronics and SK Hynix, the country’s two largest market capitalizations, bore the brunt of the selloff with declines of 10% and 7% respectively, accounting for roughly half the market’s overall decline. The index has now suffered five consecutive losing sessions and sits more than a third below its all-time high set in June.
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