South Korean stocks tumble as AI-fueled rally loses steam
South Korea's stock market experienced a sharp decline as the artificial intelligence-driven rally that had boosted technology shares began to fade. The sell-off was led by major chipmakers and tech firms, which had previously benefited from high demand for AI-related products. This downturn signals waning investor confidence in the sustainability of the AI boom and raises concerns about the broader economic outlook for export-reliant South Korea.