KOSPI slides to 4,000 level / KBS 2025.11.05.　#KBSNews

As the theory of an artificial intelligence bubble resurfaces, the KOSPI experienced significant fluctuations today (Nov. 5).

After a sharp decline at the beginning of the trading session, a sidecar was activated, and it barely managed to hold above the 4,000 mark.

With foreigners selling off stocks in large quantities, the exchange rate reached nearly 1,450 won, marking its highest level in seven months.

The first report is by reporter Hwang Hyun-kyu.

[Report]

The KOSPI, which lost the 4,000 mark early in the session, triggered a sell-side sidecar at 9:46 AM due to the increasing drop.

At one point, the KOSPI plummeted over 6%, falling to the 3,867 level, but it reduced its losses in the afternoon, closing down 2.85% at 4,004 points.

The decline in the index was led by foreign investors, who sold off more than 2 trillion won for two consecutive days.

Individual investors bought a net 2.5 trillion won, helping to defend the 4,000 mark.

Samsung Electronics fell over 4%, barely holding onto the ‘100,000 won’ mark, while SK Hynix closed at around 570,000 won.

The sharp drop in tech stocks on the New York Stock Exchange overnight hit the domestic market hard.

As the so-called ‘AI bubble theory’ spread, all three major indices in New York—the Dow, S&P 500, and Nasdaq—declined.

The KOSPI’s drop was larger than that of the Nikkei and Shanghai indices.

[Seo Sang-young / Mirae Asset Securities Researcher: “The issues of overvaluation emerged mainly among the stocks that had led the rise, and the large-scale net selling by foreigners caused the Korean market to contract.”]

The won-dollar exchange rate closed just below 1,450 won for the week.

The selling of stocks by foreigners reduced the demand for the won, leading to an increase in the won-dollar exchange rate.

[Baek Seok-hyun / Shinhan Bank Economist: “The foreign selling volume is linked to the rise in the won-dollar exchange rate. Korean individuals have invested heavily in U.S. stocks. The weakness of the won may continue for the time being.”]

The won-dollar exchange rate recorded its highest level in about seven months since last April.

KBS News, Hwang Hyun-kyu.

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