South Korea's Kospi index dropped over 11% Wednesday, halting trading again as SK Hynix's weak earnings intensified the AI chip rout, pulling Samsung Electronics down further.
The downturn was triggered by disappointing earnings from memory chip giant SK Hynix
Jul 29, 2026
12:23 pm
What's the storySouth Korea's benchmark Kospi index has witnessed a massive fall of over 11%. The decline has led to a market-wide trading halt for the second consecutive session.
The downturn was triggered by disappointing earnings from memory chip giant SK Hynix, which intensified a selloff in AI-linked technology stocks.
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