The benchmark KOSPI fell 5.98% to close at 5,663 on Wednesday, extending losses to its lowest level in over three months, as semiconductor concerns continued to weigh on investor sentiment. Investors remained cautious over AI infrastructure spending, elevated semiconductor valuations, and intensifying competition from China's chip industry. Sentiment also remained subdued after SK hynix reported record second-quarter revenue and operating profit but missed analyst expectations, reinforcing concerns that AI-driven earnings growth may be moderating despite continued strength in high-bandwidth memory demand. SK hynix plunged 9.61%, alongside losses in Samsung Electronics (-5.23%), SK Square (-8.11%), Hyundai Motor (-2.88%), and LG Energy Solution (-4.30%). Meanwhile, lower oil prices following the easing of Middle East supply concerns and selective bargain hunting after the previous session's plunge provided some support to the broader market.
South Korea's main stock market index, the KOSPI, fell to 5532 points on July 29, 2026, losing 8.17% from the previous session. Over the past month, the index has declined 34.74%, though it remains 69.97% higher than a year ago, according to trading on a contract for difference (CFD) that tracks this benchmark index from South Korea. Historically, the South Korea Stock Market reached an all time high of 9385.59 in June of 2026. South Korea Stock Market - data, forecasts, historical chart - was last updated on July 29 of 2026.
South Korea's main stock market index, the KOSPI, fell to 5532 points on July 29, 2026, losing 8.17% from the previous session. Over the past month, the index has declined 34.74%, though it remains 69.97% higher than a year ago, according to trading on a contract for difference (CFD) that tracks this benchmark index from South Korea. The South Korea Stock Market is expected to trade at 6300.13 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 4826.61 in 12 months time.