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[Breaking] LG Innotek Triggers VI... KOSPI and KOSDAQ Both Plummet

LG Innotek (011070) experienced a sharp decline during trading, triggering the Volatility Indicators (VI). According to the exchange on the 29th, a static VI fo

Oseong Kwon
Staff Reporter
3 min read
[Breaking] LG Innotek Triggers VI... KOSPI and KOSDAQ Both Plummet
CBC News

LG Innotek (011070) experienced a sharp decline during trading, triggering the Volatility Indicators (VI).

According to the exchange on the 29th, a static VI for LG Innotek was triggered at 11:00:26 a.m. As of 11:02 a.m. the same day, LG Innotek is trading at 466,500 won, down 47,500 won (9.24%) from the previous trading day.

As the decline widened during the morning session, investor sentiment contracted, ultimately triggering the VI and significantly expanding short-term volatility. Overall market investor sentiment also froze.

At the same time, the KOSPI was recorded at 5,755.83, down 267.83 points (4.44%) from the previous trading day, while the KOSDAQ fell by 36.49 points (5.16%) to 669.36, with both indices showing a sharp downward trend.

On this day, the domestic stock market saw a significant expansion in volatility as widespread selling led to the triggering of selling sidecars in both the KOSPI and KOSDAQ markets. Investor sentiment contracted so rapidly that a market stabilization measure temporarily restricting program trading was implemented.

The market expects that global risk asset investment sentiment and supply-demand changes will act as variables influencing the future direction of the domestic stock market and large-cap semiconductor and IT-related stocks.

[※ This article is for investment reference purposes, and the responsibility for investment decisions lies with the investor.]

Oseong Kwon
Staff Reporter

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