Updated

Updated · Bloomberg · Jun 26

Kospi Slumps 6.3% as Samsung, SK Hynix Drop Over 7%

Updated

Updated · Bloomberg · Jun 26

Kospi Slumps 6.3% as Samsung, SK Hynix Drop Over 7%

3 articles · Updated · Bloomberg · Jun 26

South Korean stocks sank Friday, with the benchmark Kospi falling as much as 6.3% and wiping out the previous session’s gains.
Samsung Electronics and SK Hynix each slid more than 7% as renewed selling in chipmakers underscored how sharply Korean equities are reacting to swings in global AI sentiment.
2.5 trillion won ($1.6 billion) of Kospi shares were sold by foreign funds in the morning session, intensifying the decline.
The Korea Exchange briefly halted program selling, highlighting the speed of the selloff and the market’s vulnerability to AI-driven risk swings.

Sources

Left100%

Bloomberg3h ago

Korean Kospi Slumps 6.3% as Chipmakers Samsung, SK Hynix Fall Amid AI Sentiment Swings

Tech sell-off: Market is in tug-of-war between AI euphoria & AI phobia - AOL

Instagram3h ago

Crash or Correction? Everyone panicked over South Korea's 8% drop this week. Zoom out, and the story flips 👇 KOSPI rocketed from ~5,000 in April to a record high before the fall.

Is the Kospi's 6% crash a market correction, or has the trillion-dollar AI chip party finally come to an end?

As China's tech competition grows, is South Korea's deep reliance on chip exports becoming its greatest economic vulnerability?

With public trust in AI declining, how can chip giants justify their colossal investments to a suddenly skeptical world?

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Sources

4 total

Left100%

Bloomberg3h ago

Korean Kospi Slumps 6.3% as Chipmakers Samsung, SK Hynix Fall Amid AI Sentiment Swings

Tech sell-off: Market is in tug-of-war between AI euphoria & AI phobia - AOL

Instagram3h ago

Crash or Correction? Everyone panicked over South Korea's 8% drop this week. Zoom out, and the story flips 👇 KOSPI rocketed from ~5,000 in April to a record high before the fall.

Show all 4 sources

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