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[Market Close, 13th] KOSPI Plunges 5.46% to Close at 6,035.35... Samsung Electronics and SK Hynix Weaken, SK Square Crashes 11.89%

The KOSPI plunged more than 5% on the 13th, dipping below the 6,000 mark during the session before recovering part of its losses to finish trading at the 6,035 level. Eight of the top 10 stocks by market capitalization fell, with selling concentrated across large-cap stocks. ■ KOSPI Falls 348.89 Po

Oseong Kwon
Staff Reporter
4 min read
[Market Close, 13th] KOSPI Plunges 5.46% to Close at 6,035.35... Samsung Electronics and SK Hynix Weaken, SK Square Crashes 11.89%
CBC News

The KOSPI plunged more than 5% on the 13th, dipping below the 6,000 mark during the session before recovering part of its losses to finish trading at the 6,035 level. Eight of the top 10 stocks by market capitalization fell, with selling concentrated across large-cap stocks.

■ KOSPI Falls 348.89 Points (5.46%)... Dropped to as Low as 5,911.11 intraday

The KOSPI ended the regular session at 6,035.35, down 348.89 points (5.46%) from the previous trading day. The index opened at 6,186.08 and rose to 6,198.46 during the session, but then expanded its losses, falling to 5,911.11. The index, which had dropped below the 6,000 mark intraday, recovered part of its losses to settle at the 6,035 level.

■ Semiconductor and Electronics Large Caps Weaken Together... SK Square Posts Largest Decline

Samsung Electronics closed at 234,000 won, down 16,500 won (6.59%) from the previous trading day. SK Hynix recorded an even steeper drop, falling 149,000 won (9.28%) to 1,456,000 won. SK Square fell 117,000 won (11.89%) to 867,000 won, posting the largest decline among the top 10 stocks by market capitalization. Samsung Electronics Preferred Shares also finished trading at 175,800 won, down 11,000 won (5.89%). Samsung Electro-Mechanics closed down 106,000 won (7.13%) at 1,381,000 won.

■ Auto and Financial Stocks Also Remain Weak

Automotive and financial stocks could not escape the weakness either. Hyundai Motor closed down 8,500 won (2.66%) at 311,500 won, while KB Financial Group fell 1,500 won (0.92%) to 161,300 won. Samsung Life Insurance recorded a decline of 14,000 won (5.23%) to 253,500 won.

■ LG Energy Solution and Samsung Biologics Close Higher

In contrast, LG Energy Solution finished trading up 14,500 won (3.64%) at 412,500 won. Samsung Biologics also maintained its upward trend, rising 3,000 won (0.25%) to 1,204,000 won.

■ Key Points to Watch Going Forward

Going forward, whether the KOSPI can hold the 6,000 level and the stock price movements of semiconductor large caps are expected to be the key points to watch.

[※ This article is intended to convey market trends and is not intended to recommend investment in any specific stock.]

Oseong Kwon
Staff Reporter

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