Bitcoin diverges from South Korean stocks as AI concerns deepen Kospi selloff
- —Kospi fell sharply again, led by chipmakers
- —Selloff driven by AI spending worries and Chinese competition
- —Bitcoin held well above its summer lows, diverging from Kospi
Why it matters: Bitcoin's divergence from Korean equities signals weakening correlation with risk assets and resilience to the Asian selloff.
Source: CoinDesk