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South Korea's KOSPI index fell 7.6% to a six-month low after the semiconductor sector dropped 12%, triggering market-wide circuit breakers. Foreign investors offloaded $3.6B in Korean equities, including $1.1B in Samsung and $830M in SK Hynix. The KOSPI has fallen 21% over the last seven trading sessions, its steepest decline since the March 2020 pandemic crash.
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Key sources
- SOURCE@zerohedge“SOUTH KOREA'S KOSPI SINKS 8%, TRIGGERING CIRCUIT BREAKER”x.com
- SOURCE@openoutcrier“South Korea's KOSPI closes at 6-month low as chipmakers slump on AI worries”x.com
- SUPPORT@zerohedge“Selling was driven by foreigners who sold -$3.6bn”x.com
- SUPPORT@firstsquawk“South Korea’s Financial Regulator Calls Emergency Meeting to Discuss Stock Market”x.com
- SUPPORT@elonmusk“China will be making a LOT of RAM in 2028”x.com
- SUPPORT@melvininvests“bringing its decline to roughly 40% from its June highs”x.com
- SUPPORT@hedgiemarkets“Two chip companies make up more than half the market”x.com
- SUPPORT@negligible_cap“Full blown relapse. Kospi halted”x.com