Intel shares fell about 28 to 29 percent, according to KBS 뉴스, a drop the broadcaster described as a shock that rippled through U.S. markets as anxiety over an artificial intelligence bubble widened. With the decline landing just ahead of the new trading week, KBS 뉴스 reported that Korean investors are asking whether the KOSPI faces another "Black Monday" when it opens.
The selloff was not confined to Intel. KBS 뉴스 reported that U.S. stock indexes moved lower as the AI-bubble worries spread. 매일경제, cited in the same coverage, reported that the Nasdaq 100 has shed roughly 2,700 trillion won in market value over the past month, and quoted an investor saying the Monday open is feared.
Attention now turns to whether upcoming events can steady the market. According to 머니투데이, this week brings the U.S. midterm elections, Apple's earnings and employment data, with Palantir and AMD seen as bellwethers for AI-linked stocks. 연합인포맥스 reported that investors will watch whether Apple and AMD can put a brake on the sharp decline, while also tracking jobs figures and the elections.
The coverage does not indicate how the KOSPI actually performed, only the concern ahead of the open. For Korean markets, the immediate question is how much of the U.S. tech weakness carries over into Monday's session.
