Chip sell-off sends KOSPI below 8,000

by Yoo Na-hyun Posted : June 8, 2026, 17:17Updated : June 8, 2026, 17:17
The KOSPI and KOSDAQ indexes are displayed on an electronic board at the Korea Exchange KRX headquarters in Yeouido western Seoul on June 8 2026 AJP Yoo Na-hyun
An electronic board at the Korea Exchange (KRX) headquarters in Yeouido, Seoul shows the Korea Composite Stock Price Index (KOSPI) closing at 7,484.41 points on June 8, 2026. AJP Yoo Na-hyun
SEOUL, June 8 (AJP) - South Korea's benchmark KOSPI closed at 7,484.41, down 676.18 points, or 8.29 percent, from the previous session, falling below the 8,000-point level

According to the Korea Exchange, the KOSPI opened at 8,048.09, down 112.50 points, or 1.38 percent, from the previous close, before extending its losses throughout the session. The index fell as low as 7,442.73 during intraday trading.

The tech-heavy KOSDAQ also declined sharply, ending the day at 911.39, down 91.05 points, or 9.08 percent.

Amid the sharp market sell-off, circuit breakers were triggered on both the KOSPI and KOSDAQ markets. Sell-side sidecars, which temporarily suspend program-driven sell orders, were also activated in both markets.
Stock prices are displayed on an electronic board at the Korea Exchange KRX headquarters in Yeouido western Seoul on June 8 AJP Yoo Na-hyun
An electronic board at the Korea Exchange (KRX) headquarters in Yeouido, Seoul shows various indexes on June 8, 2026. AJP Yoo Na-hyun
 
The KOSPI and KOSDAQ indexes are displayed on an electronic board at the Korea Exchange KRX headquarters in Yeouido western Seoul on June 8 2026 AJP Yoo Na-hyun
An electronic board at the Korea Exchange (KRX) headquarters in Yeouido, Seoul shows the Korea Composite Stock Price Index (KOSPI) closing at 7,484.41 points on June 8, 2026. AJP Yoo Na-hyun
The KOSPI and KOSDAQ indexes are displayed on an electronic board at the Korea Exchange KRX headquarters in Yeouido western Seoul on June 8 AJP Yoo Na-hyun
An electronic board at the Korea Exchange (KRX) headquarters in Yeouido, Seoul shows various indexes on June 8, 2026. AJP Yoo Na-hyun