South Korea's Kospi Index suffered an unprecedented nearly 10% drop on Tuesday, triggering circuit breakers twice during the session. Foreign institutional investors net-sold an unprecedented 4.13 trillion won of Korean stocks, with Samsung Electronics and SK Hynix each collapsing more than 12%. The sell-off was partly attributed to a geopolitical reassessment after a U.S.-Iran deal lifted sanctions on Iranian crude, raising doubts about Washington's security commitments to allies like South Korea. The panic spread to Wall Street, dragging down Nasdaq and S&P 500 futures as overheated tech valuations and AI hype met a sudden risk-off shock.
Samsung Electronics Co Ltd
Apple Inc.
Amazon.com Inc
Alphabet Inc Class C
Microsoft Corporation
NVIDIA Corporation
SK Hynix Inc
Micron Technology Inc