Daily brief
South Korea's KOSPI plunged nearly 10% after regulators cautioned on leveraged ETFs, while Korean stocks fell more than 4% from a record high amid a tech selloff. Foreign investors led a major sell-off, with Samsung Electronics and SK hynix shares tumbling. Foreign ownership of Samsung Electronics stocks dropped to a 13-year low of 47.52%.
LG unveiled its new OLED evo G6 and 2026 TV lineup featuring AI technology.
Google, Tesla and AMD are turning to Samsung for AI chips, as South Korea moves to expand Canadian crude imports for diversification.