StocksMedium•3 November 2026•
1 min read
KOSPI Drops 2.46% as Tech Slump and AI Profitability Fears Trigger Sell-off
Key Facts
1South Korea's KOSPI index opened down 2.46% at 5,715.19 points.
2Samsung Electronics shares fell over 4% while SK hynix dropped more than 5%.
3Foreign and institutional investors were net sellers of 52.7 billion won and 18.2 billion won, respectively.
South Korea's KOSPI index opened down 2.46% at 5,715.19 points, according to the Seoul Economic Daily. Samsung Electronics shares fell over 4% while SK hynix dropped more than 5% as foreign and institutional investors were net sellers of 52.7 billion won and 18.2 billion won, respectively.
The decline followed concerns over the profitability of massive AI investments and broader weakness in the U.S. technology sector. SKHY closed at $147.71 on November 2, 2026, while SMSN.L closed at $4180 on the same date, reflecting the cautious sentiment preceding the Korean market open.