South Korea's Kospi Plunges 8% Amid Rate Hike, Chip Sell-off, and ETF Concerns

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Stock Market

16 July 2026 at 3:16 pm

South Korea's Kospi Plunges 8% Amid Rate Hike, Chip Sell-off, and ETF Concerns

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Summary

South Korea's Kospi index dropped by as much as 8%, triggering a trading curb, due to a Bank of Korea rate hike, a sell-off in AI chip giants Samsung Electronics and SK Hynix, and concerns over leveraged single-stock ETFs.

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