South Korea’s KOSPI Slides June 8, Then Rebounds 8.18% on AI Chip Rally
2026-06-10 05:31:33
South Korea’s KOSPI fell sharply on Monday, June 8, then rebounded 8.18% the next day in its strongest one-day recovery of 2026. The move was led by Samsung Electronics and SK Hynix, according to BeInCrypto, after a wider rally in global chip stocks that lifted Intel, Micron and the Nasdaq overnight. SK Hynix dropped 7.7% before jumping 16.01% in the next session, while Samsung fell 10.2% then recovered 9%. The sell-off began on June 4 after the Nasdaq slid 4.18% on disappointing Broadcom AI chip guidance.
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