Topic
kospi
Business South Korea's KOSPI Crashes 10.8%: Circuit Breaker Triggered as Semiconductor Rout Deepens
South Korea's KOSPI plunged 10.84% on Tuesday, its worst session in five months, driven by a rout in semiconductor stocks SK Hynix and Samsung Electronics. A circuit breaker was triggered for the eighth time this year. Foreign investors net sold 5 trillion won ($3.42 billion), while concerns over Chinese chipmaker CXMT's blockbuster IPO added to selling pressure.
Business Asian Stocks Rally: Kospi Surges 6%, Nikkei Jumps Over 1,100 Points on Tech Rebound
Asian equities opened higher on Wednesday, tracking Wall Street gains, with South Korea's Kospi surging 4.78% and Japan's Nikkei climbing 1.3%. The rally was driven by a rebound in technology stocks after data showed Korean semiconductor exports nearly tripled in early July and Taiwanese export orders exceeded estimates. Oil prices rose amid geopolitical tensions, while the dollar held near one-week highs.
Finance Kospi Plunges 7% into Bear Market as Strait of Hormuz Closure Sparks Global Sell-Off
South Korea's Kospi index fell 511 points to 6,964.76, a 7% decline, placing it in bear market territory 25% below June peak. The sell-off was triggered by Iran's claim of closing the Strait of Hormuz, pushing oil prices up more than 4%. Technology heavyweights SK Hynix and Samsung Electronics led losses, falling 10% and 6% respectively. Despite the correction, the Kospi remains the world's best-performing major index in 2026, up 63% year-to-date.
Business Kospi's AI Rally Collapses: South Korean Benchmark Tumbles 7%, Sidecar Triggered
South Korea's benchmark KOSPI tumbled over 7% on Tuesday, reversing from record highs, as investors sold AI-heavy technology stocks despite strong Samsung earnings. The Korea Exchange activated a sell-side sidecar, and the rout hit major names like Samsung, SK Hynix, and Hanwha Ocean.
Business South Korea's Kospi Plunges 10% from Record High as Chip Stocks Tumble, Triggering Trading Halt
South Korea's benchmark Kospi plunged 10% on Tuesday, erasing record highs set a day earlier, as a sell-off in chip stocks triggered a trading halt. Heavyweight Samsung Electronics and SK Hynix each fell over 12%, while foreign investors offloaded more than $2.6 billion in shares. Despite the sharp decline, the Kospi remains up 94.67% year-to-date.