KOSPI weak as SK Hynix ADRs lift won, chip leverage risk exposed
South Korean shares tumbled into a bear market on Wednesday, but the won moved up, leaving foreign funds with a murkier picture. By 22:01 KST, both regular and after-hours stock sessions were closed on Korea Exchange. The KRX holds regular equity trading from 0900-1530 and after-hours trade from 1540-1800. KOSPI dropped 409.52 points, or 5.35%, to end at 7,246.79, its weakest finish since May 20. The index has now fallen 20.5% from its June 22 record close of 9,114.55, falling past the 20% threshold that signals a bear market.