News
KOSPI Drops 5% as China's CXMT Chip Advance Hits Samsung and SK Hynix
KOSPI, a major stock index in South Korea, experienced a significant drop of 4.06% on the day. This decline was attributed to the advancement of China's CXMT in a denser DRAM design. The advancement directly impacted Samsung and SK Hynix, two major players in the index, leading to their stock prices falling. The news was first reported on BeInCrypto, a platform that covers digital asset and blockchain news. The article highlights the potential impact of this development on the stock market and the semiconductor industry.