Dan Ives: KOSPI retreats 10 percent after historic high, may impact U.S. tech stocks

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Mikhail Vnuchkov

23.06.2026

Dan Ives: KOSPI retreats 10 percent after historic high, may impact U.S. tech stocks — KOSPI drop may impact U.S. tech

Dan Ives, managing director / senior equity analyst at Wedbush Securities, highlights a sharp downturn in South Korea's KOSPI index after its recent milestone.

A day after SK Hynik surpassed Samsung to become South Korea's most valuable listed company and the KOSPI reached a new record of 9,000 points, the tech-heavy index dropped approximately 10 percent. Ives suggests this decline could increase selling pressure for U.S. tech stocks, but remains bullish on leading AI technology firms.

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Ives has recently focused on other tech sector milestones. He called upcoming Salesforce and Snowflake earnings a major test for AI software sector sentiment. Earlier this month, he described the SpaceX IPO as a major milestone for space investing.

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