KOSPI Drops 12% as SK Hynix Hits Record Low and Margin Balances Fall

Korean equities plunge with KOSPI down 12% and SK Hynix falling 17%. Leveraged funds exit as margin balances drop 31 trillion won, signaling a shift to JOMO sentiment.

Woofun AI reports that the Korean KOSPI index declined by over 12%, while SK Hynix recorded its largest single-day drop in history at more than 17%. Samsung Electronics fell over 13%, driven by weak U.S. semiconductor performance, the listing of CXMT, and SK Hynix's earnings miss. Market liquidity is cooling as investor margin balances decreased by approximately 31 trillion Korean won from June peaks, and securities lending outstanding balances dropped by about 6 trillion won, indicating a sustained outflow of leveraged capital.