South Korea’s KOSPI Crashes 6.5% Today – AI Crypto Down 10%
Photo: Coinpedia
South Korea’s KOSPI index plunged 6.5% to around 6,002, while Samsung, SK Hynix stocks dropped 9%. China’s CXMT announced a new 4F² memory-cell design that could reduce DRAM cell space by around 30%. The AI crypto sector fell 7.7%, including NEAR, FET, ICP and TOA dropped 10%. South Korea’s KOSPI index crashed 6.5% on 13 October, falling to around 6,002 as investors sold semiconductor stocks. The drop followed Chinese chipmaker CXMT’s announcement of a new memory chip design, raising fears of stronger competition for South Korean giants like Samsung Electronics and SK Hynix.
Source: Coinpedia
