South Korean stocks plunged 6%, hitting a near-three-month low.

According to Bitget market data, as the global chip stock sell-off persists, investors are growing increasingly cautious about the sustainability of the AI investment boom and the profit prospects of related enterprises, dragging down the opening of Japanese and South Korean stock markets. The Nikkei 225 index fell more than 3% intraday, with Kioxia plunging over 8%. South Korea’s KOSPI index has declined for seven consecutive trading days, with an intraday drop once hitting 6% and touching its lowest level since July 31. Semiconductor heavyweight stocks are the main drag: Samsung Electronics’ share price fell more than 7%, and SK Hynix dropped over 8%. Subsequently, the Korea Exchange activated a circuit breaker mechanism for the KOSPI index, suspending programmatic sell orders.