KOSPI Drops 4.5% Below 5800, SK Hynix Plunges Over 8.3%

South Korea's benchmark index slides to April lows with a 4.5% intraday loss. Semiconductor giant SK Hynix leads the decline with an 8.3% drop, dragging Samsung Electronics down 3.8%.

Woofun AI data shows that the South Korean KOSPI index declined by 4.5% intraday on July 29, falling below the 5800-point threshold to reach its lowest level since April. SK Hynix shares decreased by more than 8.3%, while Samsung Electronics recorded a 3.8% drop.