South Korea KOSPI Opens Down 4.47% on July 16 as Samsung Falls 5% and SK Hynix Drops 8%

South Korea's KOSPI Index opened down 4.47% on July 16 at 6,958.53, while Japan's Nikkei 225 opened 1.17% lower at 67,950.30. Samsung Electronics fell 5% and SK Hynix dropped 8% in early trading.