South Korea’s KOSPI Extends Losses to 5.41% as SK Hynix Drops Nearly 10%

South Korea’s KOSPI extended losses to 5.41% as SK Hynix fell nearly 10%, a sharp move highlighting pressure on Asian technology shares and broader investor risk appetite.

At 12:29 a.m. ET (05:29 UTC) Thursday, the KOSPI was down 5.41% and SK Hynix was down nearly 10%. The KOSPI is South Korea’s composite stock index, while the SK Hynix figure tracks the company’s shares. Its decline was steeper than the index’s, showing that the selloff included a sharp move in an individual technology stock as well as a broader market measure.

The figures put South Korea’s equity losses in focus for U.S. investors following Asian trading. The index was down more than 5%, while SK Hynix was nearing a 10% loss at the same update. Together, the two declines show pressure at both the market and company level. They establish the scale and relative pace of the losses but do not by themselves identify what prompted the selling.