Korea's benchmark just posted its worst single-day loss in years — and the flow data tells the real story.
The KOSPI fell 8.95% to 6,806.93, back under 7,000 for the first time since early May and more than 20% below its June 22 peak. SK Hynix dropped a record 15.37% and Samsung Electronics 10.70% as semiconductor-peak fears deepened and a spent ADR catalyst met a downgraded earnings outlook. Foreign and institutional investors sold a combined 3.9 trillion won (about $2.6 billion), while Korea's top four chip stocks lost roughly $1 trillion in market value over three weeks. Analysts frame the move as a leverage-driven positioning unwind rather than broken fundamentals, with late-July earnings and Big Tech AI capex calls as the next catalysts.
Sources:
KOSPI Plunges 9%, Breaking Below 7,000 for First Time in Two Months — Seoul Economic Daily, July 13 2026
Chip Peak Fears Flare as SK Hynix ADR Catalyst Fades and Q2 Outlook Is Cut — Seoul Economic Daily, July 13 2026
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Tags:
#KOSPI #SKHynix #Samsung #Semiconductors #ChipStocks #ForeignSelling #CircuitBreaker #AICapex #KoreaMarkets #AIPRISM #SeoulEconomicDaily #WANIFRA
