Kospi Plunges on AI Stocks Sell-Off — $815M Crypto Liquidations Follow

South Korea’s benchmark Kospi index dropped more than 7% on Tuesday, October 13, as a sell-off in chip shares hit the market, and most Asian equities declined. The move reflects growing investor unease over the AI boom that has driven global risk assets in recent months. Chipmakers Lead Declines Across Asia The Kospi fell 7.4% to 5,914.35, its lowest level since late July. Samsung Electronics lost 7.7%, while memory chipmaker SK Hynix dropped 8.8%. Kospi index declined. Source: Google Finance Asian stocks fell broadly on Tuesday, led by a 2.5% drop in Japan’s Nikkei 225.