Bearish
KOSPI plunges 12.6% amid record-breaking selloff triggered by SK Hynix earnings miss
The KOSPI index experienced a significant decline of up to 12.6% on July 29, 2026, marking a record two-day fall. This downturn was primarily driven by disappointing earnings from SK Hynix, which failed to meet market expectations despite strong performance. The underwhelming results intensified selling pressure, leading to a substantial market rout.
Key points
- SK Hynix's earnings miss exacerbates market selloff
- KOSPI records a 12.6% decline, setting a new two-day fall record
- Light trading volumes indicate cautious investor sentiment
Sources
AI-generated from public news sources. Not financial advice.
