KOSPI drops 7.89% as SK Hynix slides 10.23% and Samsung Electronics falls 8.03% amid chip selloff
AI Market Summary
A sharp U.S. semiconductor selloff transmitted into Asia, triggering a steep risk-off move in South Korea: the KOSPI fell 7.89% with heavy declines in SK Hynix (-10.23%) and Samsung (-8.03%). Korea-focused ETFs (EWY, FLKR) and leveraged exposure (KORU) also dropped sharply, reinforcing cross-market contagion from U.S. tech into Korean equities and semiconductors.
Impact level
● High
Affected assets
NCSIKOSPI2USD/USDT-6.17%
AI Insight · NCSIKOSPI2USD/USDTAI Insight
▼ Bearish
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A steep selloff in U.S. semiconductor stocks late Wednesday rippled into Asian markets. South Korea’s KOSPI sank 7.89% on Thursday, its biggest one-day drop this year, while SK Hynix fell 10.23% and Samsung Electronics slid 8.03%. South Korea-focused ETFs also dropped, with EWY down 8.12% and another 8.64% in extended trading, alongside declines in FLKR and KORU. The moves reflected real-time cross-market transmission rather than routine recap or forward-looking commentary.
