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KOSPI Slides 4.9% as Chip ETF Volatility Sparks Halt

7/7/2026

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Story summary
  • The benchmark KOSPI fell 4.9% to 7,656.31, triggering a temporary trading halt.
  • Finance Minister Koo Yun-cheol said policymakers are discussing ways to curb volatility from single-stock leveraged ETFs tied to chip stocks.
  • Samsung Electronics and SK Hynix shares fell 6.9% and 6.1% after Samsung projected a 19-fold Q2 profit rise.
  • Retail investors bought 3.2 trillion won of shares while foreign investors sold 2.9 trillion won.