KOSPI Slumps 4% as AI Sector Selloff Deepens in South Korea

Key Facts

1South Korea’s KOSPI index fell nearly 4% as jitters in the AI sector persisted.

2Data center company Elice saw its shares tumble 30% in one of South Korea's weakest IPO debuts.

South Korea’s KOSPI index fell nearly 4% as jitters in the AI sector persisted. CoinDesk reported that data center company Elice saw its shares tumble 30% in one of South Korea's weakest IPO debuts on record.

The downturn reflects intensifying capital outflows from tech-heavy indices as investors weigh valuation and growth prospects within the AI industry. This market volatility follows recent economic data showing the South Korean unemployment rate reached 2.6% on October 15, 2026.

Looking ahead, South Korea is scheduled to release Consumer Confidence and GDP growth figures for both the quarter and the year on October 26, 2026.