Global Chip Sell-Offs Trigger 11% KOSPI Drop and Nasdaq Long Risks

Semiconductor selling pressure causes KOSPI to fall 11% and Samsung to drop 13%, while Citigroup data highlights red Nasdaq 100 long positions, signaling heightened correction risks.

Woofun AI reports that U.S. tech stocks face decline pressures due to global semiconductor sell-offs and rising concerns over AI investment competition from Chinese manufacturers. During Asian trading hours, South Korea’s KOSPI index dropped 11%, with Samsung Electronics and SK Hynix shares falling more than 13%. The Nikkei 225 and Taiwan’s weighted index both declined by approximately 4%.

ING Group chief investment strategist Vincent Juvyns stated that reducing semiconductor holdings is reasonable for profit realization but advised maintaining positions given long-term growth prospects. He characterized the current selling as a normal adjustment phase.

Meanwhile, Citigroup data indicates that long positions in the Nasdaq 100 remain in the red, increasing the risk of further market correction.