South Korea's KOSPI index closed down more than 5%, and the two major semiconductor stocks continued their decline.

China News Service, Seoul, October 14 (Reporter Kim Wook) The Korea Composite Stock Price Index (KOSPI) closed down more than 5% on the 13th, the largest single-day decline since August 19, 2026.

KOSPI closed at 6035.35 points that day, down 348.89 points or 5.46% from the previous trading day. The Korean Exchange once initiated a "temporary suspension" mechanism and suspended programmed selling transactions. Since October 6, KOSPI has fallen for 5 consecutive trading days, with a cumulative decline of 968.39 points, a decrease of 13.83%.

The Kosdaq Index (KOSDAQ), known as the "Korean version of Nasdaq", closed at 837.03 points that day, down 12.16 points or 1.43% from the previous trading day.

According to Yonhap News Agency, the stock prices of South Korea's two major semiconductor giants, Samsung Electronics and SK Hynix, fell sharply that day, which was considered an important reason for dragging down the market. Samsung Electronics' stock price fell 7.39% from the previous trading day, and SK Hynix fell 10.09%, both of which have fallen for 5 consecutive trading days.

Yonhap News Agency stated that under normal circumstances, after the stock index continues to fall, bargain hunting funds will appear in the short term, pushing the market to try to rebound, but this trend did not occur this time. Korean securities practitioners believe that factors such as market concerns about the profit prospects of artificial intelligence investment and global investors' reduction in risk asset allocation ratios have combined to cause South Korea and other Asian stock markets to decline.