KOSPI slides more than 12.6% in record two-day drop as AI chip selloff deepens after SK Hynix earnings miss
AI Market Summary
South Korea's KOSPI suffered a record two-day drop (>12.6%) as AI chip-linked heavyweights SK Hynix and Samsung sold off sharply after SK Hynix's operating profit missed consensus despite strong YoY growth. With these names comprising over half the index, the move signals a rapid risk reset in global AI hardware exposure, amplified by rising competitive threats from China's memory and lithography advances.
Impact level
● High
Affected assets
NCSIKOSPI2USD/USDT-3.91%
AI Insight · NCSIKOSPI2USD/USDTAI Insight
▼ Bearish
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South Korea’s KOSPI has suffered a historic two-day plunge, down more than 12.6% in its largest two-day drop on record. The selloff was triggered after chipmaker SK Hynix reported operating profit of 60.54 trillion KRW, up 557% year on year but below the market’s 64 trillion KRW expectation. SK Hynix fell 9.61% in a single session and Samsung Electronics declined 5.23%, helping push the index down another 5.99% to 5,663.24 points. The benchmark is now 39.66% below its 52-week high.
