South Korea's KOSPI index dropped sharply by 5.5%, falling about 38% from its June peak, driven by fears over speculative AI investments and rising competition from Chinese chipmakers. Broadcom's CEO warned that AI investing resembles gambling, intensifying market concerns. Meanwhile, Bitcoin has diverged from this trend, rebounding from around $58,000 to over $87,000, showing a negative correlation with the KOSPI. This divergence suggests Bitcoin may benefit as investors pull back from AI-related stocks, though this does not confirm a direct capital shift.
The contrasting trends of Bitcoin recovery and the Korean stock market slump provide context for digital asset performance. For readers following cryptocurrency markets, here is Pluang's snapshot as of Oct 13, 2026 17:32 WIB: out of 50 major cryptocurrencies, 8 rose and 41 fell today. Notable movers include BAL (Balancer) with a 1-day change of +11.14% at Rp16.297, ONE (Harmony) down -14.15% at Rp30 with 83% sell order activity, and ALGO (Algorand) down -8.56% at Rp2.114 with 76% buy order activity and a typical hold time of 130 days.
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