KOSPI Crashes 6.5% on China's CXMT Chip News, AI Tokens Drop Up to 10%
- —KOSPI fell 400 points to 6,002, down over 13% in five days
- —Samsung -7.4%, SK Hynix -8.8%, SoftBank -8%, Tokyo Electron -6.6%
- —AI token sector dropped 7.7% to $25.51B; NEAR -10%, ICP -9%
- —Foreign investors pulled 2 trillion won ($1.5B) from Korean stocks on October 12
Why it matters: The Asian tech sell-off adds pressure on crypto: Bitcoin briefly traded near $83,560, with AI tokens the most exposed segment.
Source: Coinpedia