South Korea’s KOSPI Plunges 7% Intraday as Chip Stocks Slide

South Korea’s KOSPI index fell 7% intraday to 5,936.36 points on Monday, while sharp losses in major semiconductor stocks intensified a broader risk-off move across financial markets.

SK Hynix shares declined more than 9%, and Samsung Electronics fell 8.4% as the technology-heavy market weakened. The moves put South Korea’s equity market and chip sector at the center of a selloff relevant to global investors and crypto markets.

The decline marks a sharp deterioration in market sentiment during the session. Bitcoin (BTC), Ether (ETH) and other digital assets are sensitive to shifts in broader risk appetite, although the materials do not provide a corresponding move for crypto prices.

Trading conditions remain the immediate focus as investors assess whether the equity losses deepen or stabilize during the session.