South Korean Stocks Swing Most Since 1998 Asian Crisis as AI-Chip Rally Turns Turbulent

South Korea's stock market, one of the biggest winners of the global artificial-intelligence boom, is experiencing its most extreme volatility since the peak of the 1998 Asian financial crisis, as violent swings in Samsung Electronics and SK Hynix whipsaw the benchmark Kospi index. The turbulence, detailed in Bloomberg's Evening Briefing on July 13, 2026, has brought fresh scrutiny to a rally that had made the country's equities among the world's strongest performers.