South Korea’s KOSPI falls 4% intraday to 5,503.73 as SK Hynix and Samsung slide

The index-level fall is being driven almost entirely by the two chipmakers that anchor the KOSPI's weighting, so this reads as a concentrated semiconductor move rather than broad-based Korean risk aversion. That distinction matters for anyone tracking RWA and crypto markets that increasingly lean on Asian equity sentiment as a proxy for risk appetite. Whether the selling stays confined to memory names or spreads into the wider benchmark is the open question worth watching.