South Korea’s KOSPI Slides 6% as SK Hynix, Samsung Tumble

South Korea’s KOSPI index fell 6% as semiconductor stocks led a broader equity selloff, adding to risk-off pressure relevant to global markets and crypto traders.

SK Hynix dropped 9%, while Samsung Electronics declined 7%. The moves put two major South Korean semiconductor companies at the center of the market retreat.

The sharp losses point to heightened stress in a market closely tied to the global semiconductor industry. For crypto markets, the selloff adds to a broader risk-off backdrop.