--- type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/42373485.md" description: "Breaking: South Korea's KOSPI index plummeted -8.2%, falling below the 7700-point level.Following overnight selling of U.S. semiconductor stocks and rising inflation, the South Korean stock market has evaporated over 518.5 trillion won ($350 billion USD) in market value.South Korea's annual inflation rate in June rose to 3.2%, the highest since December 2023, up from 3.1% in May.Samsung and SK Hynix together account for 50% of the index, falling -8.5% and -11.5% respectively.KOSPI and KOSDAQ triggered the seller-side circuit breaker mechanism after the sudden decline." datetime: "2026-07-02T08:22:10.000Z" locales: - [en](https://longbridge.com/en/topics/42373485.md) - [zh-CN](https://longbridge.com/zh-CN/topics/42373485.md) - [zh-HK](https://longbridge.com/zh-HK/topics/42373485.md) author: "[辰逸](https://longbridge.com/en/profiles/16318663.md)" --- # Breaking: South Korea's KOSPI index plummeted -8.2… ### Related Stocks - [SSNGY.US](https://longbridge.com/en/quote/SSNGY.US.md) - [07709.HK](https://longbridge.com/en/quote/07709.HK.md)