The South Korean stock market experienced a massive shock. You guys ok?
u/charon-the-boatman ·
Reddit — r/stocks
· June 06, 2026 at 08:56
· ⬆ 24 pts
· 💬 18 comments
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South Koreans were getting rich until very recently, riding the wave of Samsung/SK hynix stock explosion. Well yesterday it was a bloodbath. The South Korean stock market experienced a massive shock which local media quickly dubbed "Black Friday." SK Hynix Plunges Nearly 10%, my IBKR app shows -21.29% in afterhours. It seems the drop was so violent that it triggered an automatic "sidecar" halt just eight minutes after the opening bell to curb market volatility.
On some social media users reported things like:
*“Foreigners use the KOSPI like an ATM. As soon as America sneezes, they empty out our market to buy SpaceX.”*
*“The government promised the ‘Value-Up’ program would protect retail investors, but we just got crushed by foreign profit-taking again.”*
*“Forget the KOSPI, the exchange rate hitting 1,550 is terrifying. Inflation is going to destroy our grocery bills next month.”“A record current account surplus and yet our currency is performing the worst in Asia. Nothing makes sense anymore.”*
*“I thought we were going to KOSPI 10,000... instead I got sidecar'd into a wall.”*
*“Samsung Electronics at 329,000 won is basically a clearance sale. I’m putting my entire paycheck in on Monday. If I go down, I go down with the Republic of Samsung.”*
*“To anyone who bought SK Hynix at over 2.2 million won earlier this week: please let us know you’re alive.”*
Would love to hear from local small investorsin South Korea stock market. Are you guys ok? Does your sentiment feel similar to above?