South Korea's KOSPI Falls 7.57% in Week of July 6-10 Amid Chip Slowdown Fears

According to News1, South Korea's KOSPI index fell 612.4 points (7.57%) during the week of July 6-10, declining from 8088.34 to 7475.94.

The selloff was triggered by Samsung Electronics' strong second-quarter results, which paradoxically raised concerns that semiconductor earnings growth may have peaked. The market also faced pressure from renewed U.S.-Iran military tensions, as Iran attacked commercial vessels in the Strait of Hormuz, prompting American airstrikes and raising questions about a potential ceasefire agreement between the two countries.