KOSPI falls below 5,000 as Samsung, SK Hynix drop
In short
South Korea’s KOSPI dropped below 5,000 on Friday. Samsung Electronics fell 9% and SK Hynix fell 11.5%.
The two chip stocks had helped drive the index’s record rise earlier in 2026, so their drop weighed heavily on the market.
What the reporting says
South Korea's KOSPI fell below the 5,000 level on Friday as Samsung Electronics and SK Hynix slid 9% and 11.5%, respectively. CNBC TV18 said the two stocks were key triggers behind the index's record rally in the first six months of 2026, when it doubled year to date.
Why it matters
South Korea's KOSPI dropped below 5,000 on Friday, with Samsung Electronics down 9% and SK Hynix down 11.5% on the Korean indices. The move matters because both stocks were cited as major drivers of the index’s record rally in the first six months of 2026, when the KOSPI doubled year to date.