Kospi

A gradual collapse in South Korea's KOSPI index wiped out $2.5 trillion in market value and left investors who bet on the AI boom with heavy losses.

Globes presents the first update on the state of global markets. Global optimism led by AI and a strong earnings season. Rally in Asia: South Korea's KOSPI jumps 4.1% into bull market territory. Positive arbitrage in Tel Aviv led by chip stocks. Too good to last? Why Wall Street fears peak earnings in the S&P 500

Investors are fleeing chip stocks: the collapse of SK Hynix and Samsung deepens the meltdown in Korea, as markets await the Fed's decision and the reports of Microsoft and Meta.