Economy / Markets
Seoul leads an Asian retreat as the AI spending trade loses its floor
The KOSPI fell 145.02 points, or 2.48%, to 5,714.06 by late Tuesday morning in Seoul, with Samsung Electronics down 2.95% and SK hynix down 3.8% as investors re-priced the cost of AI infrastructure. The move followed a weaker Wall Street session in which the S&P 500 lost 0.5% and the Nasdaq 1.1%, while the Dow added 0.46% to close at 52,008 as chip and energy names absorbed the selling.