Global Market: KOSPI Drops over 2% as Samsung, SK Hynix Slide on Yield Concerns
10 Articles
10 Articles
The Economic Times
Times of IndiaGlobal Market: KOSPI drops over 2% as Samsung, SK Hynix slide on yield concerns
South Korean shares fell over 2% as higher bond yields weighed on risk appetite after a two-day holiday break. The KOSPI declined 2.13%, led by losses in Samsung Electronics and SK Hynix. Foreign investors sold Korean equities, while rising domestic yields and cautious sentiment around technology valuations added pressure.
On the 28th, the first trading day after the Chuseok holiday, the KOSPI index is falling by over 2%. After fluctuating around the 7,000 mark immediately after opening, the index dropped to the 6,900 level. As of 12:01 PM on this day, the KOSPI index stood at 6,918.77, down 2.29% (162.15 points) from the previous trading day. Foreign investors and individual investors are dragging the securities market down. Foreign investors invested 1.7162 tril…
(Seoul = Yonhap News) Reporter Kim Yu-ah = The KOSPI, returning after the Chuseok holiday, widened its losses on the 28th and fell below the 7,000 mark during trading.
KOSPI sharply down late Monday morning on chip profit-taking
Korean shares extended losses late Monday morning as investors locked in profits from large-cap tech shares. The benchmark Korea Composite Stock Price Index (KOSPI) shed 167.51 points, or 2.37 percent, to 6,913.41 as of 11:20 a.m. After opening 0.33 percent lower, the index came under a heavy selling-spree by foreigners and institutions. Investors are digesting a series of factors, such as rising bond yields and murky prospects for the Middle Ea…
KOSPI Falls 2.7% Below 7,000 as Samsung and SK Hynix Slide
South Korea’s KOSPI closed at 6,889.74 at 3:30 p.m. local time on Monday, September 28, down 191.18 points or 2.70% from its pre-holiday close of 7,080.92. The first session after the two-day Chuseok closure forced Seoul to absorb a rise in US Treasury yields, oil above $106 and renewed pressure on technology shares at once.The close was weaker than the intraday reading of 6,936.34 recorded at 10:56 a.m. The index opened at 7,057.86, briefly rea…
South Korean equities declined during the first session of the week, at the highest daily rate in two weeks, as the stock of chip companies declined with the rise in bond yields after last Thursday's domestic market holiday. The decline came with the drop in the share of Samsung Electrics by 5.43%, and its competition by SK Henks by about 5.05%.
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