South Korea's KOSPI Breaks Below 7,000, Falls to 6,820.60 on Supply Concerns

According to Edaily, South Korea's KOSPI index fell to 6,820.60 on July 16, down 6.37% as semiconductor supply constraints and geopolitical risks intensified. The Philadelphia Semiconductor Index officially entered bear market territory, declining over 20% from its all-time high.

Market focus now shifts to Alphabet's second-quarter earnings release on July 22, with the sustainability of AI investment spending seen as key to a potential rebound. Major tech earnings this week will determine near-term direction for semiconductor stocks, according to Seoul securities analysts.