Korean Stocks Tumble a Second Day as SK Hynix Results Dis…

The Kospi Index in South Korea faced severe declines, dropping as much as 6.5% and extending its two-day falling streak to over 16%. Retail investors expressed despair and frustration as the index plunged 13% in morning trading, prompting a circuit breaker due to jittery market sentiments worsened by disappointing earnings from SK Hynix Inc. Overall, the index has seen a record decline of 33% this month.

Markets

FacebookXLinkedIn

EmailLink

Gift

Expand

The benchmark Kospi Index dropped as much as 6.5%, taking its two-day decline to more than 16%.

Photographer: Greg Baker/AFP/Getty Images

FacebookXLinkedIn

EmailLink

GiftGift this article

Confidential tip?\ Send a tip to our reporters

Site feedback:\ Take our SurveyNew Window

FacebookXLinkedIn

EmailLink

Gift

By Youkyung Lee and Sangmi Cha

July 29, 2026 at 2:52 AM UTC

Updated on July 29, 2026 at 8:43 AM UTC

BookmarkSave

Despair and frustration spread across the South Korean retail-investing community as stocks cratered again Wednesday, extending the decline in the nation’s key equity index this month to a record 33%.

The Kospi Index slid as much as 13% in a hectic morning session, triggering a circuit breaker for a second straight day, as disappointing earnings from SK Hynix Inc. worsened already‑jittery sentiment around the artificial intelligence buildout. Even though the gauge later trimmed declines, it still closed down 6%, resulting in a drop of 16% in just two days.

Read Original at Bloomberg →

Korean Stocks Tumble a Second Day as SK Hynix Results Disappoint