Korean Stocks Open High Then Drop, SK Hynix Falls 4.5%

South Korean equities reversed early gains as KOSPI plunged 1% intraday. SK Hynix widened losses to 4.5%, while Samsung Electronics narrowed gains to under 1%.

Woofun AI reports that the South Korean stock market opened higher on July 29 before reversing course, with the KOSPI index accelerating its decline to drop 1% intraday after previously rising over 3%. SK Hynix saw its loss widen to 4.5%, while Samsung Electronics saw its gain narrow to less than 1%.