Samsung Electronics, SK Hynix Plunge 16.9% and 21.7% in July, Erasing 739 Trillion Won in Combined Market Cap

According to Korea Exchange, Samsung Electronics and SK Hynix stock prices fell 16.9% and 21.7% respectively through July 8, erasing a combined 739 trillion won in market capitalization. Samsung's market cap declined by 330 trillion won to 1.622 quadrillion won, while SK Hynix lost 409 trillion won to 1.48 quadrillion won. Both companies retreated in global rankings: Samsung slipped from the top 10 to 12th place, and SK Hynix dropped from 13th to 16th place on the global market cap tracker CompaniesMarketCap.
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