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KOSPI falls 6% on SK Hynix selloff as Nvidia retreats and Hims & Hers sinks 11.4%

South Korea's KOSPI fell 6%, pulled lower by a drop in SK Hynix shares even as the chipmaker reported record quarterly revenue. Nvidia (NVDA) and KLA Corp also retreated, adding to the session's broad technology-sector pressure.…

By Nadia Petrova·Jul 29, 2026·2 min read·markets·NVDA

Key takeaways

  • South Korea's KOSPI fell 6%, driven lower by a decline in SK Hynix shares.
  • SK Hynix's stock fell even though the chipmaker reported record quarterly revenue.
  • Hims & Hers Health dropped 11.4% after regulators alleged it shared sensitive patient health data with advertisers.
  • Nvidia (NVDA) and KLA Corp both declined during the session, though no percentages were disclosed.
  • The 11.4% Hims & Hers decline was the steepest disclosed single-stock percentage drop among the names reported.

South Korea's KOSPI fell 6%, pulled lower by a drop in SK Hynix shares even as the chipmaker reported record quarterly revenue. Nvidia (NVDA) and KLA Corp also retreated, adding to the session's broad technology-sector pressure. Separately, Hims & Hers Health fell 11.4% after regulators alleged the company shared sensitive patient health data with advertisers.

Session movers

Security Session move Context
South Korea KOSPI -6% (reported) SK Hynix-driven decline
Hims & Hers Health -11.4% (reported) Regulatory data-sharing allegation
Nvidia (NVDA) Declined Percentage not disclosed
KLA Corp Declined Percentage not disclosed

SK Hynix: record revenue, falling stock

SK Hynix posted record quarterly revenue (reported). The stock declined anyway, dragging the KOSPI down 6%. That disconnect is the session's defining read. When a company prints peak revenue and still sells off, the market is not rewarding what happened in the quarter. It is pricing what it expects to happen next. The SK Hynix move set the tone for the entire KOSPI session, and the index closed down 6% regardless of the record top-line number.

Hims & Hers Health: 11.4% on data allegation

Regulators alleged Hims & Hers Health shared sensitive patient health data with advertisers. The stock fell 11.4% on the session. The allegation targets the company's data practices directly: specifically, the flow of user health information into advertising channels. No fine or settlement figure was disclosed in available reporting. The 11.4% decline is the steepest disclosed single-stock percentage drop among the names reported in the source.

Nvidia (NVDA) and KLA Corp

Nvidia (NVDA) and KLA Corp both declined on the session. No percentage was reported for either name. The two technology names added to a day already defined by the KOSPI's 6% fall, a fall driven by a chipmaker that, by its own reported numbers, had just posted a record quarter.

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Frequently asked

Why did the KOSPI fall 6%?

The KOSPI was pulled lower by a drop in SK Hynix shares, which set the tone for the entire session despite the chipmaker's record quarterly revenue.

Why did SK Hynix stock fall despite record revenue?

The stock declined even after posting record quarterly revenue, reflecting that the market was pricing what it expects to happen next rather than rewarding the quarter's results.

Why did Hims & Hers Health drop 11.4%?

Regulators alleged the company shared sensitive patient health data with advertisers, targeting the flow of user health information into advertising channels.

Was a fine or settlement disclosed for Hims & Hers?

No fine or settlement figure was disclosed in available reporting on the data-sharing allegation.

How much did Nvidia and KLA Corp fall?

Both Nvidia (NVDA) and KLA Corp declined during the session, but no specific percentage was reported for either name.