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Benzinga
Benzinga
Business
Rishabh Mishra

KOSPI Sinks Over 12% in Worst Two-Day Drop Ever as AI Chip Sell-Off Deepens After SK Hynix Misses Expectations

SK Hynix Kospi SKHY Barchart South Korea Semiconductor
Sk,Hynix,America,Headquarters,In,San,Jose,,Ca,,Usa,

South Korea’s benchmark KOSPI index plummeted another nearly 6% on Wednesday, extending a brutal semiconductor sector selloff that was aided by SK Hynix Inc.‘s (NASDAQ:SKHY) profit miss, despite record-breaking second-quarter financial results. The index has slipped over 33% in July and posted the worst two-day fall in history.

Index Bleeds From 52-Week Highs

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