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KOSPI halts trading as SK Hynix and Samsung shares plunge on memory chip fears

Market News
26 Jun 2026
Barrons
View Source
Bearish
pluang ai news

South Korea's KOSPI index dropped sharply on Friday, prompting regulators to halt trading. The decline was mainly driven by steep losses in memory-chip companies SK Hynix and Samsung Electronics. This sell-off reflects investor concerns about the memory chip market, which could impact the broader tech sector. The trading halt indicates heightened market volatility and uncertainty ahead.

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Complex small molecules reshape drug R&D, demanding integrated discovery to manufacturing solutions.

Complex small molecules reshape drug R&D, demanding integrated discovery to manufacturing solutions.

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Axsome starts Phase 3 trial of solriamfetol for ADHD in adolescents, aiming to improve treatment options.

Axsome starts Phase 3 trial of solriamfetol for ADHD in adolescents, aiming to improve treatment options.

Axsome Therapeutics has initiated the FOCUS-3 Phase 3 clinical trial to evaluate solriamfetol as a treatment for adolescents aged 12 to under 18 with ADHD. This randomized, double-blind, placebo-controlled study will enroll about 468 patients to asse...

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Bullish
38 minutes ago
Fury Gold Mines elects six directors, appoints auditor, and renews long-term incentive plan at AGM.

Fury Gold Mines elects six directors, appoints auditor, and renews long-term incentive plan at AGM.

At its Annual General Meeting on June 25, 2026, Fury Gold Mines shareholders approved fixing the board size at six directors and elected all nominated directors. PricewaterhouseCoopers LLP was appointed as the company's auditor. Shareholders also ren...

Company Fundamentals
Bullish
39 minutes ago
SoundHound AI's COO sells 65,000 shares, signaling insider stock movement.

SoundHound AI's COO sells 65,000 shares, signaling insider stock movement.

SoundHound AI's Chief Operating Officer has sold 65,000 shares of the company's stock. This insider sale could indicate personal financial decisions or a strategic move related to the company's outlook. Investors often watch such transactions closely...

Market News
Bearish
1 hour ago
Global coaxial cable market to reach $46.24B by 2035 driven by broadband and internet growth.

Global coaxial cable market to reach $46.24B by 2035 driven by broadband and internet growth.

The global coaxial cable market, valued at $21.58 billion in 2025, is projected to grow to $46.24 billion by 2035, expanding at a CAGR of 7.94%. This growth is fueled by rising broadband demand, high-speed internet infrastructure investments, and inc...

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