📰 ET Markets 🔴 BEARISH 🕒 23 Oct 2026, 09:41 AM IST

South Korean shares fall 2% as AI selloff weighs on global markets

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Core Development: South Korean shares fall 2% as AI selloff weighs on global markets

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Market & Financial Impact: South Korea’s KOSPI fell 2.14% on Friday, heading for a second straight weekly decline as a global selloff in AI-related stocks weighed on sentiment. Samsung Electronics, Hyundai Motor and POSCO Holdings led losses, while foreign investors remained net sellers. The won strengthened against the dollar, and government bond yields declined.

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Actionable Insight: 🔴 Bearish Risk: Regulatory scrutiny, profit decline, or sell-off risk may create near-term volatility.

Chipmakers led the declines in Seoul, with Samsung Electronics falling 2.80% and SK Hynix losing 0.57%.

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Official Publisher Attribution: This report is aggregated from Economic Times. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.

Read Original Full Coverage on Economic Times ↗

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South Korean shares fall 2% as AI selloff weighs on global markets

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