SK Hynix IncKospi dropped 10% on Black Tuesday, SK Hynix fell >12% due to Fed rate hike fears and regulatory warning.
Goldman Sachs' equities trading desk is on pace to generate over $5 billion in revenue in the second quarter, potentially setting a record for the third consecutive quarter. The desk's performance has been fueled by a trading boom in Asia, where the Kospi Composite Index is up 94% in 2026 and the Nikkei 225 is up 38%. Goldman's equities desk will walk away from the quarter having made a mint off the trend, which suffered a slight dent Tuesday: the Kospi suffered what the daily newspaper Chosun Ilbo dubbed a 'Black Tuesday,' cratering 10% as Samsung and SK Hynix each fell more than 12%. The drop was driven by concerns over a potential US Federal Reserve rate hike and a South Korean regulatory warning against leveraged retail buying, with foreign investors dumping roughly $2.6 billion worth of Kospi shares. Separately, Goldman's investment banking arm advised on $1 trillion in mergers and acquisitions as of June 15, a record half-year pace for any investment bank.
SK Hynix IncKospi dropped 10% on Black Tuesday, SK Hynix fell >12% due to Fed rate hike fears and regulatory warning.
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Goldman Sachs Group IncEquities desk on pace for third straight record quarter with over $5B revenue; M&A advisory at record half-year pace.
Samsung Electronics Co LtdKospi dropped 10% on Black Tuesday, Samsung fell >12% due to Fed rate hike fears and regulatory warning.