KOSPI, at one point during the session8% plunge before7,600line close
KOSPI7at one point during the session8% plunge before partially recovering its losses to close at the7,600line. 8After opening sharply lower again, it pared its losses and shifted into the2% decline range, with volatility continuing.
KOSPI7at one point during the session8% plunge before partially recovering its losses to close at the7,600line. This event brought immediate volatility to investors' portfolios.
The index7,900opened at the line before plunging during the session. Losses widened sharply during some periods before the market recovered in the afternoon.
A sell-sidecar was triggered during the morning session, while moves to reduce losses continued in the afternoon session. Selling and buying intensity differed among trading participants both during and outside market hours.
8Although a sharp drop was also seen at the start of the session, losses narrowed to 2the %-range decline zone. As the previous day’s weakness in semiconductor stocks continued, some stocks turned higher during the session.
Trading data showed that individual and foreign investors sold together, while institutional trading was limited. Samsung Electronics and SK hynix were confirmed to have turned higher during the session after earlier declines.
Overall, the pattern of sharp intraday declines followed by partial recoveries continued to repeat. Investors appeared to be watching short-term supply and demand conditions and the movements of major large-cap stocks.