Stock Market: The KOSPI Plunges After the AI Rally, Raising Market Concerns

The South Korean KOSPI plunged after an AI-driven rally, losing about 260 trillion won in market capitalization. The sharp correction follows months of growth fueled by semiconductors and tech stocks. The drop highlights risks of excessive euphoria and leverage in markets. The event raises concerns about AI valuation sustainability and potential spillover effects on crypto markets in the region.