KOSPI falls into bear market as SK hynix and Samsung drop, erasing about $1.1 trillion
Overview
South Korea's KOSPI entered a bear market between June 22 and July 16, shrinking by more than a quarter and wiping out nearly $1.1 trillion in market capitalization, according to CEIC. Over the same window, SK hynix fell 38% and Samsung fell 29%, per Bloomberg.
The article attributes the decline to the concentration of Korean stocks in memory chips. It states that SK hynix and Samsung hold 83% of the global HBM market share.
Written by AI from the articles below · updated Nov 1, 8:36 AM ET
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- ChinaTalkBlogKorea's KOSPI loses about $1.1 trillion as memory chip stocks slide
AISouth Korea's KOSPI entered a bear market from June 22 to July 16, shrinking more than a quarter and wiping out nearly $1.1 trillion in market capitalization, according to CEIC. SK hynix and Samsung fell 38% and 29% over the same window, per Bloomberg. The article links the decline to the concentration of Korean stocks in memory chips, which SK hynix and Samsung control 83% of global HBM market share.
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