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Korea Semiconductor Stocks Plunge 8% Over $520B Plant Plan

7/3/2026

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Summary

Story summary

Profit-taking sparked a sharp sell-off in South Korea’s semiconductor stocks, pulling the Kospi index down about 8% on Thursday.
SK Hynix slid 14.6% and Samsung Electronics fell 9.1% amid investor concerns over a $520 billion plan for four new memory-chip plants in South Korea.
Analyst Fabien Yip said volatility could rise before the U.S. nonfarm payrolls report and noted yen short positions have returned to July 2024 levels.

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Story summary

Profit-taking sparked a sharp sell-off in South Korea’s semiconductor stocks, pulling the Kospi index down about 8% on Thursday.
SK Hynix slid 14.6% and Samsung Electronics fell 9.1% amid investor concerns over a $520 billion plan for four new memory-chip plants in South Korea.
Analyst Fabien Yip said volatility could rise before the U.S. nonfarm payrolls report and noted yen short positions have returned to July 2024 levels.