Korean Stocks Shed $2 Trillion as SK Hynix Disappoints
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- South Korean stocks dropped for a third consecutive day as traders processed new curbs, erasing roughly $2 trillion in what every covering outlet called a record rout
- SK Hynix's disappointing quarterly results fueled the sell-off, which international investors declined to buy into despite the scale of the decline
Why it matters: A $2 trillion rout with no foreign dip-buyers means Korean retail and pension money is absorbing the bulk of the losses; with both regulator intervention and earnings disappointment landing simultaneously, the path to a tradable bottom becomes less orderly.
