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KOSPI Plunges 2.70% to Close Below 6,900... Samsung Electronics and SK Hynix Fall Over 5%

On the 28th, the first trading day after the Chuseok holiday, the KOSPI fell more than 2% to settle below the 6,900 level. While Samsung Electronics and SK Hynix both dropped over 5%, the top 10 stocks by market capitalization showed a mixed trend of gains and losses. ■ KOSPI Rebounds Intraday Befo

Oseong Kwon
Staff Reporter
5 min read
KOSPI Plunges 2.70% to Close Below 6,900... Samsung Electronics and SK Hynix Fall Over 5%
CBC News

On the 28th, the first trading day after the Chuseok holiday, the KOSPI fell more than 2% to settle below the 6,900 level. While Samsung Electronics and SK Hynix both dropped over 5%, the top 10 stocks by market capitalization showed a mixed trend of gains and losses.

■ KOSPI Rebounds Intraday Before Closing at 6,889.75

The KOSPI ended the regular session at 6,889.75, down 191.17 points (-2.70%) from the previous trading day. The index opened at 7,057.86 and rose to as high as 7,065.90 intraday before turning lower. The intraday low was 6,889.68, meaning the index effectively finished trading at its lowest level of the day.

With the KOSPI having closed above the 7,080 level on the 23rd, just before the holiday, and surrendering the 6,900 level on the first trading day after the break, market attention is now turning to the final two trading days of September.

■ Samsung Electronics and SK Hynix Plunge Over 5%

Among the top stocks by market capitalization, large-cap semiconductor shares posted especially steep declines. Samsung Electronics finished the session at 270,000 won, down 15,500 won (-5.43%) from the previous trading day, while SK Hynix closed at 1,768,000 won, down 94,000 won (-5.05%).

Samsung Electronics Preferred Shares fell 5.91% to 207,000 won. SK Square ended trading down 7.56% at 1,100,000 won, showing a relatively large decline among major stocks. Samsung Electro-Mechanics closed at 1,499,000 won, down 0.53% from the previous trading day.

■ Top 10 Market Cap Stocks Show Mixed Fortunes

Not all of the top market capitalization stocks declined. LG Energy Solution closed 3.56% higher at 364,000 won, showing strength, while Samsung Biologics also finished trading up 2.49% at 1,400,000 won.

Hyundai Motor ended the session up 0.28% at 354,500 won. Among financial stocks, KB Financial Group rose 0.58% to 174,200 won, and Samsung Life Insurance gained 0.51% to close at 296,000 won.

Of the top 10 stocks by market capitalization on the day, five rose and five fell. Even as the KOSPI fell sharply, stock price movements clearly varied by individual stock.

[※ This article is provided for investment reference purposes only and does not recommend the purchase or sale of gold. Investment decisions and any resulting responsibility rest with the investor.]

Oseong Kwon
Staff Reporter

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