South Korea's KOSPI Surges 5%, Adding $160 Billion in Market Cap
South Korea's KOSPI equity index rebounded sharply from its two-day low, surging 5% and triggering a buy-side sidecar mechanism at the Korea Exchange. Program trading for KOSPI-listed shares was suspended for five minutes as the initial 3% rally added roughly ₩240 trillion ($160 billion) to market capitalization. The rebound effectively halted a sharp correction that erased approximately ₩1.1 trillion ($700 billion) from the index over the previous two sessions.
The recovery was heavily concentrated in Samsung Electronics and SK Hynix, which together account for nearly half of the KOSPI's weighting. Samsung Electronics, a leading manufacturer of AI memory chips and smartphones, rose 6.8% from its intraday trough after falling 24.8% from its all-time high. SK Hynix, the second-largest global supplier of high-bandwidth memory, climbed 4.8% following a 30% decline. The index added another ₩240 trillion in market cap after its initial 3% jump, underscoring that both the recent 21% drawdown and the subsequent rebound have been driven almost entirely by the semiconductor sector rather than broad-based market strength.
From the sources (25 posts)
@cryptorover🚨 KOSPI IS DOWN 1.30% TODAY, AND ONLY 2 AI CHIP STOCKS ARE DOING MOST OF THE DAMAGE. Samsung crashed 4.34%. SK Hynix fell another 2.87%. Together, they make up nearly half the entire index. Meanwhile, several Korean stocks are actually up
@cryptorover🚨 KOREA AND JAPAN JUST WIPED OUT $250 BILLION FROM THEIR INTRADAY HIGHS. KOSPI erased nearly ₩150 trillion ($95B) after falling 2% from the top. Nikkei wiped out another ¥24 trillion ($160B) after a 2.14% reversal.
@firstsquawkKorea Exchange Activates KOSPI Sidecar Trading Curb
@zerohedgeThat was fast. *KOREA EXCHANGE ACTIVATES SIDECAR TO HALT KOSPI PROGRAM SELLING
@zerohedge*SK Hynix Shares Fall 8.2% to KRW2,350,000
@bulltheoryioBREAKING: South Korean stock market halted program selling trading as KOSPI crashed -6.5%. Over ₩396,500,000,000,000 ($267 B) has been wiped out from the South Korean stocks in just 20 minutes.
@businessSouth Korean stocks slumped as Meta’s plan to sell computing power raised questions over excess in AI capacity, driving a selloff in chipmakers
@businessSouth Korean stocks slumped as Meta’s plan to sell computing power raised questions over excess in AI capacity, driving a selloff in chipmakers
@cnbcSamsung Electronics, SK Hynix shares tumble over 7% as chip rout spreads from Wall Street
@reutersAsian shares fall as chipmakers drag; US jobs data looms
@businessJapanese and South Korean semiconductor stocks tumbled after a selloff in US technology shares soured the mood across Asia
@zerohedge#2 *KOREA EXCHANGE ACTIVATES SIDECAR TO HALT KOSDAQ PROGRAM SELLING
@cryptoroverBREAKING: 🇰🇷 South Korea has halted selling after the KOSPI plunged 6.5%. The sell-off wiped out more than ₩400,000,000,000,000 in market value.
@cryptorover🚨 SOUTH KOREA’S AI BUBBLE IS BREAKING DOWN. The KOSPI just crashed nearly 7%, wiping out roughly ₩580 TRILLION ($350 BILLION) from Korean stocks in a single session. Samsung and SK Hynix, the two companies that helped drive Korea’s AI man
@barchartBREAKING 🚨: South Korea Korean Stocks plunged nearly 8% today and are on the brink of entering a bear market after falling 18.5% from last month's all-time high 📉 🐻
@firstsquawkSouth Korea's KOSPI index declines 2.7% as selling pressure intensifies.
@firstsquawkSouth Korea's tech-heavy KOSDAQ drops 3.6% in early trade.
@firstsquawkThe Seoul stock market’s KOSPI turns positive, up 1.2% after earlier declines.
@marketnews_feedTHE SEOUL STOCK MARKET’S KOSPI TURNS POSITIVE, UP 1.2% AFTER EARLIER DECLINES. ...
@businessSouth Korean stocks rebounded after a near 10% drop in the previous two sessions, highlighting skittish investor sentiment
@bulltheoryioBREAKING: South Korean Exchange activates buy-side sidecar after KOSPI surged +5%. Program trading for the KOSPI-listed shares are suspended for five minutes.
@firstsquawkThe KOSPI in Seoul advances 4.3% amid strong buying.
@bulltheoryioSouth Korea's KOSPI has recovered +7% from today's low. KOSPI is rebounding after a -21% correction, as the sell-off in Semiconductor and Tech stocks starts to stabilize. Samsung is up +6.8% today after falling -24.8% from its peak. SK H
@cryptorover🚨 KOSPI just added ₩240 TRILLION ($160 BILLION) in market cap with a 3% rally. Samsung: +6.5% SK Hynix: +4.3% 2 stocks are carrying almost the entire Korean market. This level of concentration is getting absurd.
@cryptoroverSOUTH KOREA’S STOCK MARKET HAS TURNED INTO A MEMECOIN. KOSPI crashed 21%, wiping out ₩1,100 TRILLION ($700 BILLION) from all time highs. Then pumped 6.6%, adding back ₩300 TRILLION in a single day. And almost the ENTIRE move is being dri