Business · Markets · 1 hr ago
South Korea’s KOSPI falls more than 6% below 6,000 in trading
South Korea’s KOSPI stock index fell sharply on Oct.
13, dropping below 6,000 during trading.
At 10:57 a.m.
local time, it was down 6.73% at 5,954.30, and the KOSDAQ was down 4.83%.
Samsung Electronics and SK Hynix, two major chip companies, fell about 7% and 9%, respectively.
Foreign investors had been net sellers of KOSPI shares for six straight trading days, while individual and institutional investors were buying.
The declines came as semiconductor shares weakened in the United States and investors reacted to news of progress in China’s memory-chip technology.
South Korea’s market temporarily halted some program selling, a measure used during sharp falls.
Analysts said a key question is whether local demand for shares can offset continued foreign selling.
South Korea’s KOSPI fell 6.73% to 5,954.30 at 10:57 a.m. on October 13, dropping below 6,000.
The index opened down 3.10% and extended its losses during the morning.
A temporary sell-side trading curb was triggered in the KOSPI market for the first time in about two months.
Foreign investors were net sellers for a sixth consecutive trading day, while individual and institutional investors bought shares.
Weakness in semiconductor stocks, including Samsung Electronics and SK hynix, contributed to the market decline.
- Who
- The KOSPI and South Korean shares. Foreign investors were selling, while individual and institutional investors were buying.
- What
- The KOSPI fell more than 6% and moved below 6,000 during trading.
- When
- October 13, 2026. At 10:57 a.m., it was down 6.73%.
- Where
- South Korea’s KOSPI market.
- Why
- Semiconductor-related concerns and continued foreign selling weighed on the market.
This story does not have two clearly opposing sides.
The KOSPI opened at 6,186.08, down 3.10% from the previous close.
The KOSPI stood at 6,198.46, down 2.91%, and was on track for a fifth consecutive daily decline.
A sell-side trading curb was triggered in the KOSPI market.
The KOSPI was down 6.73% at 5,954.30.
- KOSPI at 10:57 a.m.
- 5,954.30, down 6.73%
- KOSPI low
- 5,950.00, down 6.80%
- Foreign investor net selling
- 2.1472 trillion won
- Individual investor net buying
- 1.1841 trillion won
- Samsung Electronics
- Down 7.49% to 231,750 won
- SK hynix
- Down 8.54% to 1.488 million won
What people are saying
The US bond market is closed and there are no macro issues
The foreign selling is too severe to view it as merely an adjustment of holdings because stock prices have risen a lot
The key is whether there is a domestic demand base for stocks that can offset foreign selling
The biggest constraint on AI expansion will probably be capital
Sources
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