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Korea Barbeque'd: Kospi Crashes As Chip Stocks Tank, AI Token Index Spirals Lower

Source: Zero Hedge · 2026-07-28
Korea Barbeque'd: Kospi Crashes As Chip Stocks Tank, AI Token Index Spirals Lower South Korean stocks plunged on Tuesday as concerns over circular AI financing and China's expanding DUV lithography capabilities ( read here ) were top of mind among investors. Adding to the pressure, chipmakers may not have found a floor just yet because Silicon Data's LLM Token Expenditure Index continues to slide, suggesting that companies are shifting toward cheaper models, particularly open-source alternatives
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