Bitcoin Diverges from South Korean Stocks as AI Concerns Fuel Kospi Selloff
Key Highlights: South Korea’s KOSPI tumbled 5.5% on Tuesday, widening its decline to roughly 38% below its all-time high set in June. Bitcoin and the benchmark KOSPI index exhibit a 20-day rolling correlation of -0.41, with the cryptocurrency rallying to $87,000 as equity investors pull back from tech holdings. Major semiconductor stocks suffered steep losses, ...