On Hynix strength, KOSPI 7,500line recovered but fluctuated intraday
7 month 9 day, KOSPI in early trading 7,486.64 at 239.85 points higher at the open, recovering the 7,500line before turning lower during the session. The previous day's semiconductor sell-off sent the index 5.35% lower to 7,200line, and 63% of its component stocks hit new lows.
KOSPI 7 month 9 day opened 7,486.64 at. It started 239.85 points, or 3.31% higher. Early trading saw a recovery of the 7,500line, but the index later turned lower.
7 month 8 day, a sell-off in the semiconductor sector sent KOSPI 5.35% lower, taking the index down to the 7,200line. On the same day, 63% of KOSPI component stocks hit new lows, while large-cap stocks also declined.
According to some reports, 7 month 8 day, geopolitical risks stemming from Iran affected the decline in the index, followed by an attempt to rebound. On 7 month 9 day, Hynix was reported to have led the index higher, helping it recover the 7,500line.
However, 7month 9during the session, gains at the open were repeatedly followed by reversals into declines, leading to continued fluctuations. Across the market, assessments are emerging that upward momentum is weak except for AI-related stocks.
Today’s market activity can be summarized as continued instability in the indices alongside rebounds in some stocks following the sharp decline the previous day.