u/mark000

Kospi crashes 12% after SK Hynix earnings; best performing Asian market of 2026 plunges 43% in a month. What’s ahead?
https://m.economictimes.com/markets/us-stocks/news/kospi-crashes-11-plunges-43-from-peak-after-skyrocketing-rally-is-the-ai-bubble-going-bust/amp_articleshow/132701189.cms
>South Korea's Kospi, which grabbed headlines earlier this year for its skyrocketing rally, crashed more than 11% on Wednesday and continued to wipe out massive sums of investor wealth as heavyweight chipmaker SK Hynix’s earnings failed to impress the market. >
Kospi dropped to 5,311.77 on Wednesday morning, marking a more than 43% crash from its June peak of 9,386 to confirm its position in technical bear market territory. Despite the recent crash, South Korea’s stock market continues to be Asia's best performer. >
Today’s sharp crash in Kospi triggered a 20-minute trading halt, as has become routine during volatility this year. This comes after SK Hynix reported a six-fold earnings jump, partly driven by a $44 billion asset-value gain, but fell short of high market estimates fuelled by the AI boom...............................................

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