South Korea’s Kospi drops more than 7% at one point in chip-share sell-off

AP reports South Korea’s Kospi fell more than 7% at one point Tuesday in a chip-share sell-off. Later posts put its closing decline at 5.46%. CNBC says U.S. semiconductor losses spilled into Asian markets, where worries about AI financing and intensifying competition weighed on sentiment. It reports SK Hynix and Samsung shares hit their lowest levels since August, while SoftBank Group fell 8% in Japan.