South Korea’s KOSPI fell as much as 6.1% to near 5,996, its fifth straight daily loss and a drop of more than 15% in five sessions, leaving it roughly 35% below its June record high. Bull Theory estimated about ₩229 trillion ($150 billion) in market value was erased. Memory stocks led the rout, and Samsung and SK Hynix make up about half the index. Samsung fell as much as 6.8% and SK Hynix as much as 8.5%, with Samsung down more than 17% in five days. The exchange triggered a sell-side sidecar, pausing program selling for five minutes after KOSPI 200 futures dropped 5.1%. The posts do not give a cause for the selloff.
Was this writing helpful?
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.