KOSPI’s ‘Black Monday’ 7400point collapse, Samsung and SK plunge
KOSPI fell 6month 8day 676.18points (8.29%) before closing at 7,484.41and triggering a circuit breaker. Samsung Electronics closed at 29ten thousand won, while SK Hynix closed at 5500ten thousand won.191ten thousand won1000ten thousand won.
The stock market faced a ‘Black Monday’ on 6month 8day. KOSPI closed the session at 7,484.41. A circuit breaker was triggered during the session.
The decline from the previous trading day was 676.18points. The decline rate was 8.29%. The day’s decline was driven by a sharp drop in the semiconductor sector and concerns over rising interest rates.
The intraday low fell to 7,442.73only stocks rose in the securities market. Most stocks declined sharply.42Most stocks declined sharply.
KOSDAQ also plunged, down 91.05p. The decline rate was 9.08%. A circuit breaker was also triggered on KOSDAQ.
Samsung Electronics closed at 29ten thousand5500won. SK hynix closed at 191ten thousand1000won. The two stocks recovered part of their losses after trading resumed following a sharp early-session decline.
Retail investors were found to have made net purchases worth 1trillion 8,000billion won, centered on Samsung Electronics and SK hynix. The so-called “buying the dip” phenomenon emerged. Individual purchases were concentrated during the intraday plunge.
6month 9saw a rebound. The KOSPI closed at 8,096.93. The rebound spread across the market, increasing the number of advancing stocks.
The KRX Information Technology Index rose 11.99%, recording the 1th-highest gain among all indices. The KRX Semiconductor Index also posted a strong rise. Securities analysts assessed that semiconductors and IT were at the center of the rebound.
Sources: 파이낸셜뉴스 증권
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