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2025-09-17 09:14:56
South Korea's Kospi index fell as much as 1.1% in early trading on Wednesday after rising for 11 consecutive trading days, hindering the upward momentum of chip stocks. The Kospi is one of the best-performing stock indices in the world this year, closing at a record high on Tuesday and setting a record for its longest winning streak in six years. In early trading on Wednesday, Samsung Electronics and SK Hynix were the biggest drags on the Kospi index; SK Hynix fell as much as 3.2% after rising for 11 consecutive days. Seo Sang-Young, a strategist at Mirae Asset Securities, said that US President Trump's statement overnight that imported chips and drugs may face higher tariffs than automobiles is expected to hit South Korean memory chip manufacturers.
