KOSPI 8,000line return sends Samsung and Hynix sharply higher
KOSPI recovered the 8,000line. Samsung Electronics rose 8%, while SK hynix surged 15%, recovering 200ten-thousand won. However, foreign selling, a sharp drop in leveraged products, and forced liquidations by retail investors were also reported.
KOSPI re-entered the 8,000line. Samsung Electronics rose 8%. Trading volume increased noticeably.
SK hynix surged 15%. The share price recovered to 200ten-thousand won. The stock's rise was accompanied by significant intraday volatility.
U.S. Capital Group sold a large amount of its stake in SK hynix. The news was reported on 6 month 9 day. Specific details of the sale size were not disclosed in the article.
JPMorgan acquired a stake in Innocean. BlackRock increased its stake in HLB to 6%. News of the changes in holdings was reported on 6month 9day.
SK hynix recovered to 200ten thousand won, but ACE Leverage, a product tracking 2times the underlying asset, fell 39%. ACE is a product that tracks 2times the stock price. The article provided some additional explanation of ACE's decline.
During the two days of the KOSPI plunge, assets held by individual investors worth 3,000hundred million won were subject to forced liquidation. The forced-liquidation tally was reported in the news. Related reports said that large-scale sell orders and the cleanup of individual accounts occurred simultaneously.