24/7 Wall Street
08 Jun 2026, 04:09 UTC · 8h ago
The Korean Stock Market Just Crashed Sunday Night. Will the Nasdaq Follow Tomorrow?
24/7 Wall Street
08 Jun 2026, 04:09 UTC · 8h ago
Story key points
5 claims · impact-rated
South Korea's KOSPI index experienced a severe collapse, shedding roughly 15% over the past week and tripping circuit breakers. — A double-digit drop in a major global index, especially one dominated by critical semiconductor firms, signals systemic risk and potential contagion.
-0.80Major QQQ holdings, including NVIDIA and Broadcom, are heavily dependent on the Korean memory supply chain currently rattled by the KOSPI crash. — Supply chain instability in memory chips directly threatens the production and revenue of the largest weightings in the Nasdaq 100.
-0.60Broadcom issued a lower-than-expected AI semiconductor revenue forecast. — Guidance cuts from a primary AI hardware provider act as a fundamental bearish signal for the broader AI investment theme.
-0.50Continue reading
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Top 2 movers · tap to explore
Iran has fired missiles at Israel, increasing geopolitical uncertainty. — Heightened conflict in the Middle East typically drives flight-to-safety and increases volatility for global risk assets.
-0.40NVIDIA CEO Jensen Huang signed a major deal with SK Hynix over the weekend despite the market sell-off. — Direct investment and partnership activity from the industry leader suggests fundamental confidence despite short-term price volatility.
+0.30Ticker attribution
Model heads
The ETF has tumbled significantly following the KOSPI collapse and weak semiconductor forecasts.
Broadcom issued a lower-than-expected AI semiconductor revenue forecast, contributing to market declines.
Shares were reported to be up 4% on 24-hour trading platforms.
The trust is viewed as the contagion pathway for the Korean market crash due to its heavy concentration in affected chip stocks.
While the CEO is optimistic and shares rose overnight, the company is noted to be dependent on rattled Korean memory supply chains.
[a_to_b] SK Hynix is a memory chip supplier to NVIDIA, with a major deal signed over the weekend.
[a_to_b] Broadcom depends on Korean memory supply chains dominated by companies like SK Hynix.
[a_to_b] Samsung is one of the memory-chip giants that Broadcom depends on for supply.
[a_to_b] Samsung is one of the memory-chip giants that NVIDIA depends on for supply.
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