Kospi

South Korea's Kospi index is in focus as a global stock selloff extends to Asian markets, with a deepening rout in semiconductor shares hitting Korean listings hard. Reports say the once-hot AI trade is losing momentum, leaving Korean chip-heavy stocks struggling to find buyers and adding to broader losses across regional exchanges.

Goldman Sachs has lowered its target for South Korea's Kospi index by 25%, citing the selloff in AI-related stocks. The move follows a broad retreat in technology and semiconductor shares that had driven much of the Korean market's gains. The downgrade signals growing caution on Wall Street about how far AI-led valuations can hold up, with investors watching Korean chipmakers closely.

Goldman Sachs has reduced its 12-month target for South Korea's Kospi index by 25%, according to a Bloomberg report. The move comes as the global AI-driven stock rally shows signs of unwinding, with investors reassessing technology valuations. Korean markets, heavily weighted toward chipmakers and tech firms, are seen as particularly exposed to any cooling of the artificial intelligence trade.

Goldman Sachs has lowered its year-end target for South Korea's Kospi index by 25%, citing the sharp selloff in AI-related stocks. The move signals growing caution on Wall Street about valuations in the global AI trade, which has weighed heavily on Korean chip and technology shares. Investors are watching whether further banks follow with downgrades.

Weak Meta earnings and growing concerns over artificial intelligence valuations are weighing on global markets, with Nasdaq futures down more than 1% and Asian indices such as South Korea's Kospi hitting weekly lows. Observers note the ongoing cryptocurrency correction is being driven mainly by traditional stock markets rather than crypto-specific problems, as risk sentiment sours across asset classes.

South Korea's Kospi is being described as a 'foreigners' playground' after a wave of selling by domestic retail investors, with an estimated 50 trillion won in value wiped out. The exodus of local individual investors has left foreign money increasingly dominant in the market, raising questions about the sustainability of the rally and the confidence of Korean households in domestic equities.

Bitcoin has corrected below $82,000 following Tesla's third-quarter results, with South Korea's KOSPI index also declining. The joint sell-off in crypto and equities suggests a broader risk-off mood among investors, with traders watching whether Tesla's earnings disappointments are spilling over into risk assets worldwide.

South Korea's benchmark Kospi index fell 3.73% on the day, wiping out gains from a two-day rebound and deepening concerns among investors about market volatility. The sharp drop puts the index back near recent lows and adds to pressure on Asian markets, with traders watching for policy responses and global economic signals that could stabilise conditions.