South Korea KOSPI Falls 10% as SK Hynix, Samsung Plunge 13% on Chip Selloff
South Korea’s benchmark KOSPI index closed down 10.2% on Tuesday, triggering a 20-minute trading halt after the index declined more than 8% earlier in the session. The broad selloff was driven by severe losses in technology names, with Seoul-listed SK Hynix and Samsung Electronics each shedding approximately 13% of their value.
The market rout extended concerns about the sustainability of the artificial intelligence trade, compounded by reports of a Chinese breakthrough in the semiconductor industry that raised competition worries. South Korean regulators are considering capping retail investor exposure to single-stock leveraged ETFs tracking the two chipmakers, which together account for roughly half of the index’s market weight. The selling pressure followed a weak session on Wall Street, and SK Hynix’s U.S.-listed American depositary receipts also dropped below their $149 initial public offering price.
From the sources (25 posts)
@cryptorover🚨 KOREAN MARKETS ARE CRASHING AGAIN ₩165 TRILLION has been wiped out from Korean stocks in the last 90 minutes.
@tradfi*KOREA'S KOSPI FALLS 5.9% AS SK HYNIX, SAMSUNG TUMBLE
@macroedgeresKOSPI sidecar activated -7% #MacroEdge
@bulltheoryioBREAKING: South Korean stock market halted program selling for 5 minutes as KOSPI crashed -6%. This is the 42nd trading curb triggered this year.
@barchartBREAKING 🚨: South Korea South Korean Stocks plunging at the open 📉 📉 Timberrrrrrrrrrrrrrrrrrrrrrrrr
@negligible_capKospi down 7.5% today, back toward April levels, led lower by (shocker) chip stocks. Samsung and SK Hynix down around 10% each
@wallstengineKOSPI 🇰🇷 -7.6%
@kobeissiletterBREAKING: South Korea’s stock market falls nearly -8% as the global chip stock selloff accelerates.
@polymarketBREAKING: South Korean stock market plunges -7.5%.
@firstsquawkKOSPI Tumbles 8% as Seoul Stocks Face Broad Selloff
@cnbcShares of SK Hynix plunge 10% in Seoul as semiconductor selloff deepens
@stockmktnewzKOSPI is down by more than 7% so far today 🔴
@firstsquawkKOSPI Trading Halted for 20 Minutes After Index Drops 8%, Korea Exchange Activates Circuit Breaker
@zerohedge*S. KOREA'S KOSPI TRADING HALTED FOR 20 MINUTES AFTER 8% DECLINE each one of these is about another 100,000 retail margin calls
@bulltheoryioBREAKING: South Korean stock market halted all stock trading and program trading for 20 minutes after KOSPI crashed -8%. Over ₩396,000,000,000,000 ($264 BILLION) wiped out. Samsung and SK Hynix, which together make up 55% of the index, cr
@stocksavvyshaySouth Korea's KOSPI stock market halted after being down over 8% triggering circuit breaker.
@polymarketBREAKING: South Korea triggers a circuit breaker, halting trading on the KOSPI.
@macroedgeresSouth Korean trading halted for 20 minutes as index goes limit down, memory stocks and most loved retail AI hype stories pummeled #MacroEdge
@kalshi_financeBREAKING: South Korea’s KOSPI plunges 8%, triggering a trading halt
@cnbcSouth Korean semiconductor shares tumbled on Tuesday, extending a rout in chipmakers after another weak session on Wall Street. SK Hynix plunged more than 10%, while Samsung Electronics fell over 8%. Other AI-linked names also came under h
@geiger_capital*SOUTH KOREA'S KOSPI TRADING HALTED AFTER 8% DECLINE
@cointelegraph🇰🇷 JUST IN: South Korea's KOSPI plunges over 8% on a tech sell-off, triggering a 20-minute circuit breaker, the seventh this year.
@barchartSouth Korean Stocks collapsing, now down almost 8% 📉📉
@firstsquawkSouth Korea’s SK Hynix Extends Drop to 12% as Shares Come Under Pressure
@wublockchainKOSPI Trading Halted After 8% Plunge as SK Hynix ADR Falls Below $140 South Korea halted trading in KOSPI-listed shares for 20 minutes on July 28 after the benchmark index fell more than 8%, marking its eighth circuit-breaker activation of