Business · Markets · 1 hr ago
South Korea’s Kospi falls below 6,000 after five-day slide
South Korea’s Kospi stock index fell sharply on Oct.
13, dropping below 6,000 during trading.
It had fallen for five trading days in a row, losing about 14.5% since closing above 7,000 on Oct.
2.
The sell-off also cut more than 800 trillion won from the market value of companies listed on the main exchange.
Investors were unsettled by worries that rising borrowing costs could slow spending on artificial intelligence data centers and weaken the returns on AI investments.
News that Chinese memory-chip maker CXMT plans to introduce a next-generation server product also pressured South Korean chipmakers Samsung Electronics and SK Hynix.
Samsung had recently posted record quarterly operating profit, but its shares fell as investors sold after the results and took profits.
Foreign investors were net sellers, while individual and institutional investors bought shares.
The losses were still unfolding on Oct.
13, and the account gives no further forecast or next step.
South Korea’s Kospi fell below 6,000 on October 13, extending its decline to five consecutive trading days.
At 11:08 a.m., the index was down 6.19% at 5,989.18, after reaching a low of 5,950.
The five-day decline totaled 1,014.56 points, or 14.49%, and the market’s capitalization fell by more than 800 trillion won to below 5,000 trillion won.
The article cited concerns about the profitability and financing of artificial-intelligence investment, renewed worries about memory-chip demand and global investors reducing risk.
Foreign investors sold more than 2 trillion won in shares that day, while individual and institutional investors bought.
- Who
- South Korea’s Kospi and investors in the country’s stock market.
- What
- The Kospi fell below 6,000 during a five-day slide.
- When
- October 13, 2026. The decline had lasted five trading days.
- Where
- South Korea’s stock market.
- Why
- The article cited concerns about AI investment profitability and financing, memory-chip demand, and a global shift away from risk assets.
This story does not have two clearly opposing sides.
The Kospi closed at 7,003.74, its first close above 7,000 since late September.
The Kospi fell 0.89%.
The Kospi fell 1.98%.
The Kospi fell 2.62%.
The Kospi fell 3.65%.
The Kospi fell below 6,000 during trading, extending its decline to five consecutive trading days.
- Kospi at 11:08 a.m. on October 13
- 5,989.18, down 6.19%
- Intraday low
- 5,950.00, down 6.80%
- Five-day decline
- 1,014.56 points, or 14.49%
- Market capitalization
- Fell by more than 800 trillion won to below 5,000 trillion won
- Foreign investor selling
- More than 2 trillion won on October 13
What people are saying
I judge that the sharp declines in Asian markets, including South Korea and Japan, and the fall in U.S. stock futures today reflect concerns about the profitability of AI investment combined with a global reduction in risk-asset exposure.
My view is that the biggest constraint could be capital.
Sources
Related news
Hyundai Green Food adds care support for employees’ older relatives
APR shares fall as forecast points to weaker-than-expected third-quarter profit
Shoe retailer Shoemarker joins Baemin’s shopping service
Samsung Electro-Mechanics executive receives Industry Medal for MLCC work
South Korea’s consumer goods exports rose 4.2-fold in a decade
Chip stocks slide as investors question scale of AI investment
South Korea’s KOSPI falls more than 6% below 6,000 in trading
Broadcom and Intel CEOs warn funding could limit AI growth
Woori Bank gives 10 million won to military remains recovery agency
KIWOOM ETF to pay 146 won per share in October distribution
Southeast Asia emerges as a market for South Korea’s KF-21 fighter
