Tag: South Korea stocks

Kospi Halts Trading After Chip Stocks Plunge, With Samsung and SK Hynix Down About 10%
Technology

Kospi Halts Trading After Chip Stocks Plunge, With Samsung and SK Hynix Down About 10%

A Kospi circuit breaker halted trading in South Korea on Thursday, October 15, 2026, after a technology-led sell-off pushed the benchmark index down more than 8% from the previous close. Samsung Electronics and SK hynix, the country’s two biggest chipmakers, each lost roughly 10% of their value, and the tech-heavy Kosdaq also hit a circuit breaker. The Korea Exchange suspended trading across the main market at 12:38 p.m. local time for 20 minutes. At its lowest point of the day, the Kospi was down more than 9%, at 5,450.81, before recovering part of the loss. The Korea Herald reported that the index finished more than 7% lower, back at levels last seen in July. How the Kospi circuit breaker unfolded SK hynix closed down about 11% at 1.26 million won. Samsung Electronics fell about...
Kospi Plunges 5.5% as Chip Stocks Slide on China Memory Fears and AI Valuation Worries
Technology

Kospi Plunges 5.5% as Chip Stocks Slide on China Memory Fears and AI Valuation Worries

Kospi falls 5.5% in Seoul trading as a selloff in semiconductor shares pulled South Korea’s benchmark index below the 6,000-point level on Tuesday, October 13, 2026. The index closed at 6,035.35, down 5.46%, after recovering some losses in the afternoon. Samsung Electronics and SK hynix fell about 7% and 10%, respectively, at the close, according to Bloomberg. Foreign investors sold a net 2.2 trillion won (about $1.5 billion) worth of Kospi shares on Tuesday, bringing their net selling this month to nearly 8 trillion won. What triggered the selloff as Kospi falls 5.5% Several pressures converged. The decline followed overnight weakness in US technology stocks. Local reports also pointed to an announcement by China’s memory maker CXMT. The company said it had made progress in DRAM ...
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