26-Jun-2026 15:10:05
Kospi Crashes Over 8% Today, Trading Halt Triggered Amid Tech Selloff
South Korea's benchmark Kospi index plunged more than 8% during Friday's session, triggering a 20-minute trading halt as investors dumped technology stocks. The selloff was led by steep declines in semiconductor giants Samsung Electronics and SK Hynix amid concerns over weakening AI-driven chip demand and rising memory costs. Although the index recovered from its intraday lows, it remained sharply lower by the close. The decline extended this week's losses, making it one of the worst-performing equity markets globally.