South Korea’s Kospi dropped more than 5% on Monday after a record-breaking 18% surge in the previous session, as investors resumed selling heavyweight chipmakers in the latest round of downswing amid high volatility.
Samsung Electronics and rival SK Hynix, two major chipmakers which account for more than half of the Kospi index, shed around 8% each. As a result, Kospi plunged over 5% to close at 6,257. The index still remains 45% up in 2026 so far, although it has fallen more than 33% from its June peak of 9,386.
