StocksMedium•13 October 2026•
1 min read
Asian Tech Stocks Slump as Kospi Halts Trading Despite IMF Growth Upgrade
Key Facts
1Tech stocks sold off across Asia, with trade on South Korea's Kospi briefly halted.
2The IMF hiked its outlook for global growth this year as the AI investment boom offsets surging energy costs.
Technology stocks sold off across Asia, leading to a brief halt in trading on South Korea's Kospi index. Media reports indicated that the decline followed weakness in U.S. chipmakers and emerging concerns regarding financing.
The IMF hiked its outlook for global growth this year, stating that the AI investment boom is currently offsetting surging energy costs. Despite the improved fundamental outlook from the IMF, financing fears continued to pressure Asian market sentiment on October 13, 2026.