On July 2, the stock markets in Japan and South Korea were significantly impacted, following the steep decline of tech stocks on the Nasdaq overnight. The Korea Composite Stock Price Index (KOSPI) witnessed a substantial drop of 7.89%. Notably, Samsung Electronics' shares plummeted by 9.06%, while SK Hynix's shares took an even steeper dive, plummeting by 14.57%—marking their most significant single-day decline since 2008. The market capitalization of these two semiconductor behemoths has seen a considerable reduction, positioning them as the main entities bearing the brunt of the global tech stock sell-off.
