Archive · 3 Aug 2026
Korean Stocks Slide After Record 17% Surge
The Korean stock market opened lower after a huge jump the day before.
Investors sold shares to keep the money they earned.
Big companies like Samsung and SK hynix dropped in value.
The Korean currency, the won, also moved against the U.S. dollar.
Meanwhile, more small businesses started exporting goods, and their total sales grew a lot.
KOSPI opened 3.6% lower, falling 4.25% to 6,315.4
Record 17% surge on Friday led to profit‑taking this week
Major tech stocks fell: Samsung –6.48%, SK hynix –6.69%, LG Energy –4.27%
Won quoted at 1,433.3 per U.S. dollar, up 2.2 from previous session
First‑time exporters rose 4% to 19,746, exports up 13.2% to $6.9B
- Who
- Korean investors and market analysts
- What
- KOSPI fell after a record 17% surge, prompting profit‑taking
- When
- Monday (date not specified in article)
- Where
- Seoul, South Korea
- Why
- Investors sought to lock in gains following the record rally and strong earnings reports
- KOSPI Index
- 6,315.4
- KOSPI Change
- -4.25%
- Samsung Electronics
- -6.48%
- SK hynix
- -6.69%
- LG Energy Solution
- -4.27%
- Won to USD
- 1,433.3
- First-time exporters
- 19,746
- Exports value
- $6.9B