South Korean Shares Hit Over 3-Month Low

The benchmark KOSPI fell more than 2% to around 5,895 on Wednesday, extending losses to its lowest level in over three months, as semiconductor concerns continued to weigh on investor sentiment. Investors remained cautious over AI infrastructure spending, elevated semiconductor valuations, and intensifying competition from China’s chip industry. Sentiment also remained subdued after SK hynix reported record second-quarter revenue and operating profit but missed analyst expectations, reinforcing concerns that AI-driven earnings growth may be moderating despite continued strength in high-bandwidth memory demand. SK hynix plunged nearly 5%, alongside losses in SK Square (-3.6%), Samsung Electro-Mechanics (-3.8%), HD Hyundai Heavy Industries (-1.0%), and Hanwha Aerospace (-1.5%). Meanwhile, lower oil prices following the easing of Middle East supply concerns and selective bargain hunting after the previous session’s plunge provided some support to the broader market.




