KOSPI, buoyed by SK hynix, 7,500recovered the level but fell during the session
KOSPI opened up 7,486.64at 239.85points (3.31%), but turned lower during the session. Following the previous day’s semiconductor rout, 5.35% plunge sent it down to the 7,200level, while new lows continued to be recorded across individual stocks.
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KOSPI began trading up 7,486.64at 239.85points (3.31%), but turned lower during the session. The intraday movement showed high volatility, shaking investor sentiment.
SK hynix’s strength helped it reclaim the 7,500level early in the session. However, the gains were concentrated in some semiconductor stocks.
On the previous day, 7month 8day, the index plunged 5.35% in a semiconductor sell-off, falling to the 7,200level. On the same day, 63% of KOSPI-listed stocks recorded new lows.
Heavy selling in the semiconductor sector led the index lower. Weakness centered on large-cap stocks was confirmed.
Reports said that Iran-related noise linked to geopolitical factors affected intraday volatility. External shocks coincided with concentration in certain sectors.
Trading value and market sentiment showed significant disparities across individual stocks. Some stocks repeatedly surged and plunged.
The market’s reversal during the session after a strong morning opening reminded short-term traders of volatility risk. Medium- and long-term positions require volatility management to reflect the day’s intraday moves.