South Korean stock market loses $37.16 billion as KOSPI plunges 7.89%

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On-chain data shows the South Korean stock market lost $37.16 billion on July 2, 2026, as the KOSPI declined 7.89%. The index closed at 7,648.09, down 655.32 points. On-chain analysis reveals the drop was led by semiconductor giants such as Samsung Electronics and SK Hynix. Market capitalization fell to 6,758.9 trillion KRW, a loss of 578.96 trillion KRW.

BlockBeats report: On July 2, South Korea's stock market experienced a sharp correction. The Korean KOSPI index closed at 7,648.09 points, falling 655.32 points, or 7.89%, for the day. Based on the total market capitalization of approximately 675.89 trillion Korean won on Naver Finance's KOSPI market cap page for the day, and extrapolating from the index decline, the KOSPI market lost approximately 578.96 trillion Korean won in market value in a single day, equivalent to about $371.6 billion.


Among individual stocks, semiconductor heavyweights led the decline, with Samsung Electronics and SK Hynix plunging sharply, dragging down the overall Korean market.

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