bit.fanBit.FanWeb3 News · Betting Reviews · Market Insights

Market selloff

South Korea s
2026-10-15 18:17:25

South Korea Stocks Extend Seven-Day Slide as Lee Jae-myung Post Is Misread as Market Message

South Korean equities suffered one of their sharpest selloffs of the year on Oct. 15, with the Korea Composite Stock Price Index, or KOSPI, falling 7.57% to 5,554.22 and marking a seventh straight losing session. Over that stretch, the benchmark has dropped more than 20%, while intraday circuit breakers were triggered across the country’s two main stock markets, halting trading for 20 minutes. According to Seoul Economic Daily, roughly KRW 1,193 trillion in market value was erased during the seven-session decline. Semiconductor heavyweights led the rout. Samsung Electronics fell 9.48% to KRW 210,000, while SK Hynix dropped 11.06% to KRW 1,262,000, their steepest one-day declines since late July. Since Oct. 2, Samsung has lost about 24%, and SK Hynix has fallen 31% over seven consecutive down days. Foreign investors were net sellers of about KRW 2.57 trillion in the two stocks combined. The report said investors are questioning whether AI infrastructure spending can keep producing profits, while hotter-than-expected U.S. inflation data has revived rate-hike concerns. Separately, President Lee Jae-myung’s Oct. 14 X post urging people to “stay alive, no matter what” spread widely during the selloff, but the original message was tied to suicide prevention and mental health support, not a warning aimed at stock investors.

10
South Korea Stocks Extend Seven-Day Slide as Lee Jae-myung Post Is Misread as Market Message