KOSPI plunges on foreign and institutional selling, Samsung Electronics and SK hynix fall by more than 3%10.
KOSPI fell by 3% on foreign and institutional selling, and the large-cap stocks Samsung Electronics and SK hynix plunged by more than 10%. KOSDAQ recovered the 860 level, and it was tallied that 5,000billion won flowed out of space-related ETFs one month after SpaceX’s listing.
KOSPI fell by 3% on foreign and institutional selling, and the large-cap stocks Samsung Electronics and SK hynix plunged by more than 10%. For investors, this is a move that directly translates into changes in portfolio valuation.
KOSDAQ recovered the 860 level that day. The results diverged by index.
Samsung Electronics and SK hynix shares fell by more than 10% that day, and according to some reports, they dropped back to the '6,000' level after two months.
In securities firm reports, a pattern was observed in which neutral or downgrade recommendations kept appearing for Samjeonnix. Reports were issued that lowered the target price or outlook.
Meanwhile, on the occasion of one month since SpaceX's listing, about 5,000billion won flowed out of ETFs related to the space sector. Changes in fund flows have appeared since the listing.
On one side of the market, '7000pi' was used to describe the sharp drop. It was commonly reported that foreigners and institutions were identified as the sellers.
Detailed supply-demand conditions for today's session, report releases, and ETF redemption flows are expected to continue. Trades observed can be interpreted as a situation of expanding short-term volatility.