Story perspectives

KOSPI down 6% after $1.4 B sell-off, SK Hynix tumbles

7/29/2026

Summary

Story summary

The KOSPI closed down 6% on July 29, 2026, after a 12.6% fall, extending a decline.
Investors sold 2 trillion won ($1.4 billion) of KOSPI stocks Wednesday, outpacing foreign outflows.
SK Hynix posted a profit jump and pledged at least $31 billion capex, yet its shares fell nearly 20% and closed down 9.6%.
Finance Minister Koo Yun-cheol apologized for leveraged ETFs and announced a review of stabilisation measures with an emergency meeting Wednesday.

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Story summary

The KOSPI closed down 6% on July 29, 2026, after a 12.6% fall, extending a decline.
Investors sold 2 trillion won ($1.4 billion) of KOSPI stocks Wednesday, outpacing foreign outflows.
SK Hynix posted a profit jump and pledged at least $31 billion capex, yet its shares fell nearly 20% and closed down 9.6%.
Finance Minister Koo Yun-cheol apologized for leveraged ETFs and announced a review of stabilisation measures with an emergency meeting Wednesday.