Korea Crashed: Goldman Explains What Happened And Why It Matters

South Korean stocks puked overnight from a record high as investors sold off chip heavyweights, delivering another outsized swing that has become a feature of the world’s best‑performing market this year.

The Kospi closed down 10%, with SK Hynix and Samsung both sliding more than 12% after a local report said the former was slowing expansion of its AI memory chip production to emphasize the cheaper DRAM components.

1. The prior concern was not about fundamentals alone, but about flow exhaustion