KOSPI, 7day 8% plunge triggers a circuit breaker…8day 7,700level recovered
KOSPI 7month 7day fell by % on foreign selling and other factors, triggering a circuit breaker, while on 8month 7day it recovered the 8level through large net institutional purchases. Sharp declines in Samsung Electronics and leveraged products coincided with a rebound in SK hynix during the same period.7,700level.
KOSPI 7month 7day fell by % under foreign selling pressure, triggering a circuit breaker, while on 8month 7day it recovered the 8level through large net institutional purchases, showing significant intraday volatility.7,700level
7month 7day trading saw Samsung Electronics and NIKS leveraged products plunge by 13%. During the same period, 14listed stocks out of 13stocks fell below their listing prices.
7month 8day morning trading saw the semiconductor and finished-vehicle sectors rebound on large institutional purchases. SK hynix rose by 4% or more, leading the index higher.
Samsung Electronics once ranked among the world’s top companies by market capitalization, 1then plunged amid concentrated foreign selling.
Shinhan Securities offered a forecast that 8the KOSPI would remain range-bound for the time being.
Some trading was temporarily suspended after a circuit breaker was triggered, and intraday volatility continued to expand after trading resumed.
The market reported cases of individual investors suffering increased losses as leveraged products plunged. Foreign and institutional trading flows that day remained a key variable in supply and demand for the time being.