Kospi plunges 10.5% as Samsung and SK Hynix slide more than 12%
AI Market Summary
Asian equities sold off sharply, led by a 10.5% Kospi plunge as Samsung Electronics and SK Hynix fell over 12% amid concerns that rising Chinese AI and memory competition could compress global semiconductor gains. The broad regional risk-off tone pulled down Nikkei and Taiwan shares, while U.S. tech also stayed heavy. Oil weakened as Middle East tensions eased, reducing near-term risk premia.
Impact level
● High
Affected assets
NCSINIKKEI2252USD/USDT-4.03%
AI Insight · NCSINIKKEI2252USD/USDTAI Insight
▼ Bearish
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South Korea’s Kospi sank 10.5% in a single session, with Samsung Electronics and SK Hynix both dropping more than 12%. In China, memory chipmaker CXMT surged 466% on its STAR Market debut, raising about $8.6 billion. Elsewhere in Asia, Japan’s Nikkei 225 fell 4% and Taiwan’s Taiex lost 3.9%, while Australia’s S&P/ASX 200 rose 0.6%. Oil prices also weakened, with Brent crude down 0.8% to $85.16 a barrel.
