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The Economic Times

South Korea’s KOSPI slips 0.76% as Samsung Electronics and SK Hynix fall ahead of Q2 earnings

AI Market Summary
South Korea's KOSPI fell as Samsung Electronics and SK Hynix weakened ahead of Q2 earnings, reflecting uncertainty over near-term AI-chip demand and positioning risk. Nvidia's $1B stake in Naver lifted that stock, but broad risk appetite softened as foreign investors sold 1.5T won and the KRW depreciated. A large Korea's U.S. AI initiative is supportive strategically, yet the immediate tape is earnings- and flows-driven.
Impact level
● Medium
Affected assets
NCSIKOSPI2USD/USDT-0.06%
AI Insight · NCSIKOSPI2USD/USDTAI Insight
● Neutral
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South Korea’s KOSPI fell 0.76% on Monday after Samsung Electronics and SK Hynix declined ahead of their second-quarter earnings releases, as investors questioned whether demand for AI chips would materialise. Naver jumped 8.67% after Nvidia bought $1 billion worth of shares in the company as part of an investment partnership. Foreign investors net sold 1.5 trillion won of stocks, while the won weakened 0.44% against the dollar. South Korea and the United States also unveiled $950 billion in new AI initiatives involving Samsung, SK Group and U.S. technology firms.
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