KOSPI Plunges 5.81% on Broad Selloff

Price Action
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Summary · why it matters

The Korea Composite Stock Price Index plummeted 519.09 points, or 5.81 percent, to close at 8,411.21 on Friday, ending a two-day winning streak. The selloff hit financial, technology, and automobile sectors, with SK Hynix plunging 8.36 percent, Lotte Chemical plummeting 6.68 percent, and POSCO Holdings cratering 5.57 percent. Trading volume reached 508.9 million shares worth 51.5 trillion won, as 777 stocks declined against 111 gainers. The decline tracked weak U.S. leads, where the Dow shed 0.09 percent, the NASDAQ sank 0.24 percent, and the S&P 500 eased 0.05 percent amid Middle East uncertainty and interest rate concerns.

Impact on stocks 3

Semiconductors · 1 stocks
Electrification & Mobility · 1 stocks
Critical Materials & Supply Chain · 1 stocks