The Korean stock market's "AI bull market" slams on the brakes! The storage leaders lead the decline, with the Kospi index plunging 6% at one point.

According to the Wise Financial APP, after experiencing one of the most remarkable uptrends in the global capital market, the South Korean stock market is facing a key stress test. In early trading on Friday, the Korea Composite Stock Price Index (KOSPI) plummeted by 6.4% at one point, marking one of the largest intraday declines so far this year, before narrowing its losses. South Korea's two core chip giants, Samsung Electronics and SK Hynix, both plunged by over 7%, triggering panic selling in the market. Due to the sharp increase in selling pressure on stock index futures, the Korea Exchange even temporarily activated a program trading suspension mechanism to alleviate market volatility.