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South Korea's KOSPI Plunges 6%, Falls Below 6,800 on July 16 as Semiconductor Stocks Tumble

2026-07-16 04:43:51

Samsung Electronics-8.67%

SK Hynix-11.47%

According to Edaily, South Korea's KOSPI index fell 6.17% today (July 16), closing at 6,835 after declining as much as 7.6% intraday to hit 6,730. The KOSDAQ index also dropped 4.28%, breaking below the 800-point level at 793.7. Semiconductor heavyweights Samsung Electronics declined 7.87% and SK Hynix fell 11.34%, pressured by concerns over artificial intelligence infrastructure investment delays. The sharp declines triggered sell-side circuit breakers twice: the KOSPI sell-side circuit breaker activated at 9:10 AM and the KOSDAQ version at 10:20 AM, marking the 19th and 9th occurrences this year respectively.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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