South Korea's Kospi Index drops more than 1%, ending a two-day rally as chip stocks tumble

Glonghui, March 26 — The leading chip companies in this country, Samsung Electronics and SK Hynix, saw their share prices weaken due to market concerns about declining demand, after Google researchers introduced a new compression technology for large language models and vector search engines. Samsung dropped 2.1% and SK Hynix fell 2.5%. In early trading, both domestic and overseas funds were net sellers of Kospi constituent stocks, while retail investors were net buyers. The small-cap stock index Kosdaq rose 0.6%.