South Korean Equities Plunge 10.84% Amid Semiconductor Sector Sell-off

The KOSPI index triggered circuit breakers following a sharp decline in major chipmakers Samsung Electronics and SK Hynix, driven by intensifying competition from Chinese semiconductor firms. The sell-off has spilled over into U.S. markets, impacting Micron and AMD, signaling a broader reassessment of the global chip supply chain's competitive landscape.