How much market value was lost?

Over $900 billion was wiped off global equity markets in four sessions.

Do analysts believe this is a permanent crash?

The 'Squawk Crew' team believes the selloff may be a temporary correction rather than a sustained downturn, as AI demand remains strong.

Which other stocks were affected besides Korean ones?

Global stocks such as NVIDIA, AMD, and Micron were also affected.

$900 Billion Wiped Off Korean Chip Stocks

More than $900 billion has been wiped off global equity markets in four straight down sessions, led by a crash in Korean chip stocks. The Kospi fell nearly 10%, and SK Hynix and Samsung both plunged more than 12%.

June 24, 2026

2 min read

Source: 24/7 Wall St.

Key Numbers

market value lost

900B

kospi decline

10%

sk hynix decline

12%

samsung decline

12%

More than $900 billion has been erased from global equity markets in four consecutive down sessions, according to 24/7 Wall St., with the crash centered on South Korean chip stocks.

The Kospi index fell nearly 10% in its worst session in years, while shares of SK Hynix and Samsung both plunged more than 12% the day after SK Hynix overtook Samsung as Korea's most valuable company.

Potential Causes

Analysts attribute the crash to growing fears of an AI bubble, as chip stocks had surged in recent months on demand for AI chips. However, the "Squawk Crew" team believes the selloff may be a temporary correction rather than the start of a sustained downturn.

Context

Prior to the crash, Korean chip stocks had seen massive gains, with SK Hynix up over 100% year-to-date. The decline comes just after SK Hynix surpassed Samsung in market capitalization for the first time.

Similar Moves in the Sector

Losses were not limited to Korean stocks; global chip stocks such as NVIDIA (NVDA), AMD (AMD), and Micron (MU) also declined by varying degrees. However, some analysts still see strong demand for AI as intact.

Frequently Asked Questions

The crash is attributed to fears of an AI bubble, with stocks retreating after significant gains. SK Hynix surpassing Samsung in market cap also triggered profit-taking.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.