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South Korea's KOSPI Falls as Samsung Electronics and SK Hynix Decline
South Korea’s benchmark KOSPI index experienced a significant decline driven by a selloff in major semiconductor shares. Major technology leaders Samsung Electronics and SK Hynix both registered noticeable share price drops during the session. On Monday, the KOSPI dropped 3.65%, shedding 241.69 points to finish trading at 6,384.24. In related trading on October 12, the index fell more than 3% intraday to hover around 6,420 points. This intraday drop positioned the KOSPI approximately 31% below its previous peak recorded in June. Looking at individual stock performance, shares of SK Hynix fell by 3.2% during trading. Concurrently, Samsung Electronics shares dropped by 1.9% amid the broader technology sector retreat. The update also noted cryptocurrency market prices alongside the stock metrics, reporting Bitcoin at $84,048 and Ethereum at $2,569.