Samsung and SK Hynix Fall as KOSPI Hits Six-Month Low in Chip Sell-Off

TLDR South Korea’s KOSPI fell 7.57% to 5,554.22, its lowest close since April 7. Samsung Electronics fell 9.5% and SK Hynix dropped 11.1%. A circuit breaker halted trading for 20 minutes after the index fell as much as 9.29%. Sticky US inflation data raised bets on more rate hikes and added to AI spending worries. TSMC reports quarterly results Thursday, and investors expect profits to rise 60%. South Korea’s KOSPI index closed at a six-month low on Thursday as chip stocks fell sharply. The index lost 454.59 points, or 7.57%, to end at 5,554.22. It was the lowest close since April 7. It was also the seventh straight daily loss, the longest streak since September 2024. Samsung Electronics fell 9.5% and SK Hynix dropped 11.1%.

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