Korea Selloff Deepens as SK Hynix Plunges Most on Record | The Pulse 7/13/2026

The South Korean AI-fueled stock rally faced renewed pressure as SK Hynix shares tumbled by a record 15%, reflecting investor concerns over an overstretched boom. Simultaneously, oil prices gained following US strikes against Iranian targets intended to protect international shipping. While Iran claimed the Strait of Hormuz would be closed until further notice, Western navies maintained it remained open. This geopolitical tension and market volatility contributed to a deepening selloff within the Korean financial markets.