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Korean Stocks Drop as Chipmakers Reverse Friday’s Record Gains

Bloomberg Markets Monday 03 August 2026, 00:59 UTC By Youkyung Lee 1 min read
Key Points

Korean Stocks Drop as Chipmakers Reverse Friday’s Record Gains South Korean stocks slipped, as heavyweight chipmakers faced selloffs after Friday’s record gains while investors cut back leverage-backed trades. The Kospi Index dropped as much as 5.5% early Monday, with Samsung Electronics Co. and SK Hynix Inc. both down about 9%. Losses followed Friday’s surge, when Samsung jumped 27% and SK Hynix 30%, a daily record for both.

Korean Stocks Drop as Chipmakers Reverse Friday’s Record Gains South Korean stocks slipped, as heavyweight chipmakers faced selloffs after Friday’s record gains while investors cut back leverage-backed trades. The Kospi Index dropped as much as 5.5% early Monday, with Samsung Electronics Co. and SK Hynix Inc. both down about 9%. Losses followed Friday’s surge, when Samsung jumped 27% and SK Hynix 30%, a daily record for both.
Korean (ORG) South Korean (ORG) Kospi (PERSON) Samsung Electronics Co. (ORG) SK Hynix Inc. (ORG) Samsung (ORG) SK Hynix (PERSON)
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