KOSPI 5% plunge, Samsung Electronics and SK hynix 30million and 200million levels collapse
The KOSPI 2morning of the 10 at 9 minutes, down 416.37 points (5.01%) from the previous day, traded at 7,887.04, sending the stock market into sharp turmoil. Declines in major technology stocks and large-scale foreign selling intensified selling pressure at the start of trading.
The KOSPI 2as of 10 morning at 9 minutes, was down 416.37 points (5.01%), trading at 7,887.04, sharply weakening investor sentiment. Weakness across major market-cap stocks translated into a steep index decline.
At one point during the session, the index fell 579.84 points (6.98%) to 7,723.57. Volatility was particularly high in this range.
At 9 a.m. 7 minutes into the session, a sell-sidecar was triggered, suspending the effectiveness of program-selling quotes for 3 KOSPI200 futures index plunge. The activation time was immediately reflected in the trading system.5}},
In the Korea Composite Stock Price Index market, foreign investors 3trillion 2,029worth of shares, leading the index lower early in the session through net selling. The scale of foreign selling intensified the selling pressure during the session.
By contrast, retail investors 2trillion 6,745worth and institutions 4,366worth of shares through net buying. Purchases by retail investors and institutions appeared to absorb some of the selling.
Samsung Electronics traded 6.20% lower at 295,000won, breaking below the 30ten-thousand-won level. This symbolically illustrated weakness among large-cap stocks.
SK hynix traded at 8.16% lower at 2,351,000won. Downward pressure centered on semiconductor stocks was evident.
The KOSDAQ Index traded at 890.08, 39.27points (4.23%) lower. During the session, it fell below the 900level.
Trading is still underway, and volatility is continuing through the close of the day's session.
Sources: 파이낸셜뉴스 증권
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