South Korean Stocks Turn Into Meme Trades as KOSPI Soars 18% in a Single Day
South Korea’s stock market staged one of its biggest one-day rallies on record, with the KOSPI jumping 18% as Samsung and SK Hynix surged more than 20%.
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South Korea’s stock market staged one of its biggest one-day rallies on record, with the KOSPI jumping 18% as Samsung and SK Hynix surged more than 20%.
SK Hynix shares tumbled nearly 15% in Seoul as a global semiconductor sell-off intensified, driven by mounting concerns over AI spending, rising Chinese competition, and lofty chip valuations.
South Korea’s stock market fell sharply as investors sold AI chipmakers despite Samsung reporting record quarterly operating profit driven by strong demand for AI memory.
South Korea’s KOSPI index plunged nearly 10%, erasing more than ₩800 trillion in market value and triggering trading halts.
South Korea halted trading after the KOSPI fell 8.4%, triggering an automatic circuit breaker.
Asian stock markets suffered a sharp selloff as Taiwan, South Korea, and Japan erased more than $300 billion in combined market value during a broad regional decline.
South Korea’s KOSPI surged to a record high after gaining roughly $220 billion in market value, driven by sharp rallies in Samsung and SK Hynix shares.
South Korea’s Kospi fell 6% as investors sold AI-related technology stocks after the index briefly crossed 8,000.
South Korea’s KOSPI index surged 37% in just 34 days to a record high, driven by booming global demand for AI semiconductors. The rally added roughly $1 trillion in market value.
Oil prices surged toward $120 per barrel as the conflict involving Iran intensified fears of supply disruptions through the Strait of Hormuz. Global equity markets fell sharply as energy costs spiked.
Asian markets tumbled amid rising geopolitical tensions and energy supply fears. South Korea’s KOSPI plunged more than 11%, while Thailand halted trading after an 8% intraday drop.
South Korea auto stocks climbed over 4% after the U.S. confirmed a tariff cut to 15%, boosting Hyundai, Kia and the broader market.