Is the bear market in South Korea set to intensify? The Korean KOSPI Index has triggered a death cross for the first time since 2024. $EWY $KORU This means its 50-day moving average has fallen below its 200-day moving average, signaling further deterioration in market momentum. Historically, such a signal has been a bearish indicator for equities. Meanwhile, Korean stocks fell -3.6% on Tuesday as the deepening selloff in US chipmakers spread across global markets, with Samsung and SK Hynix accounting for ~50% of South Korea's total market capitalization. $SKHY The KOSPI is now down -40% from its June peak, close to its lowest level since April. Chipmakers are under severe pressure across global markets.