South Korea Holds Emergency Meeting as 864 Trillion Won Leaves Its Stock Market

South Korea’s financial authorities held an emergency meeting after the KOSPI suffered a severe two-day selloff that erased 864.5 trillion won in market value and triggered circuit breakers on consecutive sessions for the first time. The decline was intensified by heavy losses in major semiconductor names, especially SK Hynix, which fell 9.61% after its second-quarter results missed revenue and profit estimates despite record quarterly sales. Samsung Electronics also dropped sharply. Lawmakers pointed to speculative leveraged single-stock products launched in May as a contributor to the volatility, and officials signaled they may add measures to stabilize the market. The episode underscores broader risk aversion in Korean equities and could pressure related Asian risk assets if selling persists.