KOSPI Sinks Nearly 5% Into Technical Bear Market as Chip Stocks Slide and Iran War Escalates Sharply

Ibtimes.com.au·July 20, 2026

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South Korea's KOSPI index plummeted nearly 5% into technical bear market territory, with semiconductor and AI stocks leading the decline amid intensifying global competition. The sell-off was further exacerbated by escalating US-Iran tensions, which drove up oil prices and heightened market uncertainty.

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South Korea's KOSPI index fell nearly 5% as AI and semiconductor stocks declined, driven by global competition and escalating US-Iran tensions affecting oil prices.

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View original at Ibtimes.com.au

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