KOSPI Sinks Over 12% in Worst Two-Day Drop Ever as AI Chip Sell-Off Deepens After SK Hynix Misses Expectations
South Korea's KOSPI plunged 6% as a broader chip selloff and Chinese competition fears overpowered SK Hynix's record Q2 earnings.
South Korea's main stock market fell sharply because people worry about chip companies facing tough competition, even though SK Hynix made great profits. When investors get scared about a whole industry, they sell lots of stocks at once, which makes prices drop fast.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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