On July 3, 2026, South Korea's Kospi index witnessed a sharp drop of over 6%, plummeting below the 7,800-point threshold. This downturn was largely driven by a simultaneous slump in chipmakers' shares, mirroring the trend observed among their U.S. peers. Notably, SK Hynix, Samsung Electronics, and Samsung Electro-Mechanics emerged as the primary contributors to this decline. In the meantime, South Korea's small-cap Kosdaq index also experienced a notable fall, at one point declining by 4.6%. Additionally, the MSCI Asia Pacific Index briefly dipped by 1.1%.
