AI boom cools down, South Korean stock market plunges 5% and triggers a circuit breaker, spot silver falls over 2.5%.
AI trading enthusiasm suddenly cooled down, global tech stocks experienced large-scale sell-offs, and the strong rally driven by AI narrative since the beginning of this year is facing its first severe test.
The Korean Composite Stock Price Index dropped 5.3% under pressure, triggering the circuit breaker mechanism—this index