Markets Selloff: Korean Stocks Fall 10% From Record

South Korean stocks fell 10% from a record high, with the Kospi extending losses after a 20-minute trading suspension by the Korea Exchange. The selloff was driven by renewed concern that the chip-led rally had become overstretched, pressuring heavyweight semiconductor names. The move signals a sharp risk-off reversal with potential spillover across Korean equities and broader tech sentiment.

Analysis

South Korean stocks fell 10% from a record high, with the Kospi extending losses after a 20-minute trading suspension by the Korea Exchange. The selloff was driven by renewed concern that the chip-led rally had become overstretched, pressuring heavyweight semiconductor names. The move signals a sharp risk-off reversal with potential spillover across Korean equities and broader tech sentiment.