CNBC·3 min read·hard
Why the world’s best-performing stock market this year fell into bear territory
L
Lee Ying Shan
✦AI Summary
South Korea's Kospi index has entered bear territory after a rapid decline, driven by investor skepticism toward AI-related stocks and high market concentration. Analysts describe the drop as a correction caused by crowded positioning rather than a fundamental shift in economic outlook.
South Korea's stock benchmark, Kospi , has gone from being the world's hottest equity market to entering bear territory within a few weeks, highlighting how investors have soured on artificial intelligence plays and underscoring concentration risks.
economybusinesstechnology
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