South Korea's benchmark Kospi extended its sharp decline on Thursday as a global technology selloff dragged heavyweight chipmakers Samsung Electronics and SK Hynix lower. The slump has intensified losses for retail investors and raised concerns over market concentration, while policymakers and analysts assess the outlook for the country's equity market.
South Korea's benchmark Kospi extended its sharp decline on Thursday as a global technology selloff dragged heavyweight chipmakers Samsung Electronics and SK Hynix lower. The slump has intensified losses for retail investors and raised concerns over market concentration, while policymakers and analysts assess the outlook for the country's equity market.
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South Korea's Kospi, the world's best-performing market of 2026, snapped a two-session gaining streak to sink 5% on Thursday as heavyweight chipmakers Samsung and SK Hynix slipped amid a global rout, deepening massive losses for the country’s retail investors.Kospi plunged more than 5% to 6,238 on Thursday, as Samsung shares tumbled over 5% and SK Hynix tanked nearly 7%. The South Korean market is tracking a tech rout on Wall Street, where Nasdaq fell nearly 1% as SpaceX and Advanced Micro Devi…
South Korea's benchmark Kospi extended its sharp decline on Thursday as a global technology selloff dragged heavyweight chipmakers Samsung Electronics and SK Hynix lower. The slump has intensified losses for retail investors and raised concerns over market concentration, while policymakers and analysts assess the outlook for the country's equity market.
