SK hynix's market capitalization topped 1 trillion dollars, while the KOSPI intraday 8457 to
The KOSPI rose intraday to 8457.09 before showing volatility. SK hynix 224ten thousand3000 won at the close, bringing its market capitalization to 1598 trillion 5914hundred million won, making it a member of the 1 trillion-dollar club. During the afternoon session, foreign selling pushed the index down to 7,930.55.
The KOSPI surged intraday to 8457.09. Just 6 minutes after the market opened, a buy-sidecar was triggered, suspending the effectiveness of program buy orders for a set period. As a result, volatility increased early in the session.
The combined market capitalization of Samsung Electronics and SK hynix exceeded half of the KOSPI's total for the first time. There were also forecasts that the launch of single-stock leveraged exchange-traded funds (ETFs) would accelerate the concentration of investment in large-cap stocks. In effect, the two stocks were observed driving the index higher.
Compared with the previous trading day, SK hynix rose 9.31 percent to 224ten thousand3000 won at the close. Semiconductor-related stocks saw large price moves during the session. Some electric vehicle battery-related stocks posted gains.
SK hynix's market capitalization stood at 1598 trillion5914 billion won. Applying the won-to-dollar exchange rate, it was calculated at about 1 trillion650 billion dollars. Its global market-cap ranking was estimated to be around 12th place.
Another tally put SK hynix's market capitalization at 1632 trillion884 billion won. This meant that, following Samsung Electronics, SK hynix had also joined the ranks of companies valued at 1 trillion dollars. It was also described as the third Asian company to do so.
In the afternoon, as of 2, the KOSPI was trading 3.63% lower at 7,930.55. Most of the leading stocks declined. The KOSDAQ index also fell sharply.
At the same time, foreign investors posted net sales of 2 trillion9902 billion won, while individual investors made net purchases of 3 trillion1260 billion won. Large-cap stocks such as Samsung Electronics and SK Square were weak. By contrast, Samsung Electro-Mechanics and LG Energy Solution continued to show strength.
Sources: 파이낸셜뉴스 증권
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