South Korea's Kospi Drops 4.5% Amid AI Stock Declines and Rising Oil Prices
Asian markets were mostly lower on July 20, with South Korea’s Kospi index falling sharply by 4.5%, driven by declines in major tech stocks like Samsung Electronics and SK Hynix amid a cooling of the AI stock frenzy. Meanwhile, oil prices rose due to escalating tensions between the U.S. and Iran.
Tickers: $SKHYV
Topics: AI stocks Kospi oil prices U.S.-Iran tensions