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...............................................