South Korean stocks fall, currency slips as foreigners dump shares
Markets
Broadcom’s stock plunge sends shock wave to Samsung, SK Hynix
The share rout in Seoul was led by chipmakers after disappointing artificial intelligence chip revenue guidance from U.S. company Broadcom. (Photo by Yo Inoue)
KIM JAEWON
June 5, 2026 14:29 JST
Updated on June 5, 2026 16:58 JST
SEOUL — South Korean stocks plummeted more than 5% on Friday, as shares of the market’s two leading companies — Samsung Electronics and SK Hynix — dropped sharply, hit by U.S. chipmaker Broadcom’s $285 billion wipeout in market value overnight.
