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Korean Stocks Tumble a Second Day as SK Hynix Results Disappoint

Bloomberg Markets Wednesday 29 July 2026, 02:52 UTC By Youkyung Lee 1 min read
Key Points

Korean Stocks Tumble a Second Day as SK Hynix Results Disappoint South Korea’s stock selloff deepened as chip-makers extended losses following disappointment about SK Hynix Inc.’s earnings and as retail investors cut holdings. The benchmark Kospi Index dropped as much as 6.5%, taking its two-day decline to more than 16%. The gauge is on course for a record monthly loss, having slumped more than 30% in July, after a world-beating rally earlier this year that relied almost entirely on two chip...

Korean Stocks Tumble a Second Day as SK Hynix Results Disappoint South Korea’s stock selloff deepened as chip-makers extended losses following disappointment about SK Hynix Inc.’s earnings and as retail investors cut holdings. The benchmark Kospi Index dropped as much as 6.5%, taking its two-day decline to more than 16%. The gauge is on course for a record monthly loss, having slumped more than 30% in July, after a world-beating rally earlier this year that relied almost entirely on two chip stocks: Samsung Electronics Co. and SK Hynix Inc.
South Korea’s (LOCATION) SK Hynix Inc.’s (ORG) Kospi (PERSON) Samsung Electronics Co. (ORG) SK Hynix Inc. (ORG)
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