Market jitters intensify as AI selloff deepens; South Korea's KOSPI drops nearly 4%
Source Summary
South Korea's KOSPI index fell nearly 4% amid a broader AI sector selloff. Data centre company Elice experienced one of the country's weakest IPO debuts, tumbling around 30% on its first trading day.
Why it matters
The sharp decline in South Korea's benchmark index and a major IPO collapse signal intensifying market stress in the AI sector with potential spillover effects on investor confidence.
