South Korea Kospi market crash

South Korea’s Kospi tanks 8% despite US-Iran war optimism. Here are 4 reasons why

South Korean stocks were hammered on Tuesday as a global sell-off in chipmakers sent technology heavyweights sharply lower, with rising competition from China and a steep fall in SK Hynix's US-listed shares weighing heavily on investor sentiment.The benchmark Kospi plunged 551 points, or 8.1%, to 6,2505. The steep decline triggered "sidecar" trading curbs on both the Kospi and the junior Kosdaq index, temporarily halting programme trading.Memory-chip maker SK Hynix dropped 11% after its American depositary receipts (ADRs) in New York fell to a record low and slipped below their initial US offe

South Korea’s KOSPI Crashes Over 10% As Global Chip Selloff Hits AI Stocks

South Korea’s KOSPI Extends Crash, Falls 10% After SK Hynix Earnings Miss

AI selloff knocks South Korea, Taiwan down global market cap rankings

ET Intelligence Group: The market capitalisation of South Korea and Taiwan had soared at a faster clip in 2026 until the third week of June, buoyed by meteoric rise in stock prices of semiconductor companies.The fall since then has been even faster led by a rout in these stocks amid concerns over the sustainability of artificial intelligence (AI) related capital expenditure. After zipping past India at the beginning of June in terms of market cap, each of the two countries has ceded ground over the past month.Taiwan has slipped to the seventh spot in the global stock market rankings while Sout