KOSPI 7,500 after reclaiming the level, then 7,200 plunged sharply on semiconductor selling
KOSPI 7,500 recovered the level, but on 7 in 8 semiconductor selling caused a one-day decline of 5.35%, pushing it down to the 7,200. On the same day, KOSDAQ fell below the 800 level during the session, recording a plunge in the 3% range, while simultaneous sell-side circuit breakers were triggered for KOSPI and KOSDAQ.
KOSPI recovered the 7,500 level again. However, on 7 in 8 semiconductor-centered selling sent it down 5.35%, bringing it to the 7,200 level. From investors’ perspective, the key point is that a large swing occurred within a single day.
On the same day, KOSDAQ fell below the 800 level during the session and recorded a plunge in the 3% range. Simultaneous sell-side circuit breakers were triggered for KOSPI and KOSDAQ.
Some reports compared the size of the decline to the 'Lehman crisis level.' Reports said that geopolitical uncertainty stemming from Iran was identified as a short-term pressure factor on the market.
7 month 9On the day, news including developments concerning travel to the United States helped positive SK hynix-related factors contribute to the index’s rise, while reports said that the line was recovered. 7,500However, reports also said that the semiconductor sell-off immediately beforehand dealt a major blow to the index.
By region and industry, reports said that the semiconductor sector appeared to have led the sharp decline. Meanwhile, regarding news about the Yongin Semiconductor Cluster, SG announced that it would be the sole supplier of the entire quantity of asphalt concrete to the cluster.
In summary, 7 month 8the sharp decline and activation of a sidecar on the day, followed the next day by positive developments involving some major semiconductor stocks, were reported alongside one another during the same period. The articles conveyed these facts by date.