KOSPI hits 8,046 for first time, then crashes 6.12%

South Korea's benchmark breached 8,046.78 intraday before profit-taking and foreign selling sent it plummeting to 7,493.18 (-488 points). Kosdaq lost 5% to 1,129.82. Samsung and SK Hynix alone account for half the index—concentrated bets unraveled as foreign investors locked in gains while strike fears and summit disappointment collided.