KOSPI falls to the brink of 6,000 amid concerns over intensifying global memory competition

KOSPI plunged 10.84% to 6,023.66 as fears grew over China’s push for semiconductor self-reliance and intensifying global memory competition.

Weakness in U.S. chip stocks also hit Korean markets, dragging KOSDAQ lower and sending major names like Samsung Electronics and SK hynix down more than 10%.

Both KOSPI 6,000 and KOSDAQ 700 levels broke intraday, triggering circuit breakers in both markets.

Investors are now watching upcoming earnings releases at home and abroad for signs that volatility may ease.