KOSPI plunges intraday by 8% range, triggering a circuit breaker and increasing concerns over Samsung Electronics trading

7The KOSPI plunged intraday by 8% range, triggering a circuit breaker and temporarily halting trading. As a result, intraday trading flows were significantly disrupted.

The intraday decline widened to as much as the 7% range, and the index was also seen falling below the 7,500level. Sharp quote fluctuations were confirmed in some large-cap stocks.

Foreign investors showed a tendency to put shares on the market that day. Foreign net selling was pronounced based on trading value.

Meanwhile, Hong Kong investors recently 2weeks 1,600were reported to have generated net inflows of roughly KRW hundred million into domestic stocks. In some issues, inflows of overseas retail funds were converted into purchases.

Among retail investors, particularly those focused on Samsung Electronics, reactions expressing losses emerged. Numerous reports of individual investors’ gains and losses were conveyed.

During the session, there were reports that profit-taking selling emerged despite some favorable developments. In certain issues, quote gaps and sharp rises and falls were observed simultaneously.

Trading volume surged in large-cap and small- and mid-cap semiconductor-related stocks, with wide price swings by issue. Differences in positions were pronounced depending on each investor group’s trading tendencies.

Market volatility remains high even after trading resumed. It is necessary to check the flow on the next trading day and the disclosures and quotes by investor group.