South Korea’s KOSPI index closed down sharply by 5.47%, with SK Hynix plunging more than 10%.

According to Bitget market data, South Korea’s KOSPI index closed down 348.9 points, or 5.47%, to 6035.34 points. SK Hynix plummeted 10.09%, while Samsung Electronics fell 7.38%. The market concern driving today’s slump first stems from rising competitiveness out of China. ChangXin Memory Technologies recently disclosed it has made key progress on a memory chip architecture that both Samsung Electronics and SK Hynix are also advancing. While this technological breakthrough remains distant from t

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