Global Markets Investor — KOSPI -9%, trading halted; SK Hynix -15%, its largest daily drop on record

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Global Markets Investor — KOSPI -9%, trading halted; SK Hynix -15%, its largest daily drop on record

The tape event itself, reported live: Korea's index halted for the 7th time this year, led by a record single-day drop in SK Hynix. Verified against our own tape — EWY -8.3% intraday, SNDK -12.2%, MU -5.3%. Sets the scale of the memory drawdown for anyone reading the US names in isolation.

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Global Markets Investor✓ @GlobalMktObserv
Jul 13

🚨STOCK MARKET CARNAGE IN SOUTH KOREA IS INTENSIFYING: The KOSPI fell -9% on Monday, triggering a trading halt for the 7th time this year, out of 13 total since 2000. The selloff was led by SK Hynix, which fell as much as -15%, its largest daily drop on record, while Samsungpic.x.com/jqRY7zDY5MM

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The tape event itself, reported live: Korea's index halted for the 7th time this year, led by a record single-day drop in SK Hynix. Verified against our own tape — EWY -8.3% intraday, SNDK -12.2%, MU -5.3%. Sets the scale of the memory drawdown for anyone reading the US names in isolation.

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