South Korean financial officials held an emergency meeting Wednesday evening after the KOSPI index cratered 1,100 points, or 17 percent, over two straight sessions, closing at 5,663.24. The meeting responded to an unprecedented crash driven by fears of an AI bubble, with officials preparing measures to stabilize the market amid brutal sentiment. On Wednesday alone, the index plummeted 360.42 points, or 5.98 percent, with heavy selling in technology, automobile, and financial sectors. The global outlook remains weak due to renewed Middle East conflicts, surging crude oil prices, and interest rate concerns, while Wall Street saw a sharp late-day sell-off as treasury yields surged.