South Korea's KOSPI Index Plunges Nearly 8% on July 2, Samsung and SK Hynix Tumble

According to BlockBeats and Bitget data, South Korea's KOSPI index plunged nearly 8% on July 2, triggering a trading halt, with Samsung dropping over 9% and SK Hynix falling over 14%. The index extended losses on July 6, declining over 3%. Samsung Electronics and SK Hynix, which account for approximately 50% of the KOSPI's weighting, drove the volatility. Foreign investors recorded their largest single-day net sell-off, offloading 7.7 trillion Korean won (approximately $4.98 billion) of KOSPI stocks, marking a historic high for daily outflows.
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