KOSPI Index Drops 8% Intraday as SK Hynix Falls Nearly 12%

South Korea's KOSPI index widened intraday losses to 8%, accumulating a 35% monthly decline. Tech giants SK Hynix and Samsung Electronics led the sell-off with significant drops.

Woofun AI data shows that the South Korean KOSPI index extended its intraday decline to 8% on July 29, marking a cumulative drop of 35% for the month. Major technology stocks faced heavy selling pressure, with SK Hynix shares falling nearly 12% and Samsung Electronics declining by 7.5%.