South Korea’s KOSPI Extends Losses to 5.41% as SK Hynix Drops Nearly 10%

South Korea’s KOSPI extended losses to 5.41% as SK Hynix fell nearly 10%, a sharp move highlighting pressure on Asian technology shares and broader investor risk appetite. At 12:29 a.m. ET (05:29 UTC) Thursday, the KOSPI was down 5.41% and SK Hynix was down nearly 10%. The KOSPI is South Korea’s composite stock index, while the SK Hynix figure tracks the company’s shares. Its decline was steeper than the index’s, showing that the selloff included a sharp move in an individual technology stock as well as a broader market measure.

Source: TokenPost