Search
On the 8th, the South Korean stock market took a severe hit, influenced by two primary factors: the anticipated peak and subsequent slowdown in the semiconductor industry's growth momentum, along with heightened tensions in the Middle East. The Korea Composite Stock Price Index (KOSPI) experienced a sharp decline, closing down by over 5%. This downturn has resulted in a cumulative drop of more than 20% from its peak in June, officially pushing the market into a technical bear territory.
The KOSPI's downward trajectory was further exacerbated by the significant overnight slump in the technology sector of the US stock market. As a result, the KOSPI opened 2.66% lower on the day, with its intraday decline reaching a maximum of 6.14%, nearing the 7,100-point mark. Ultimately, the index settled at 7,246.79 points, marking a 5.35% decrease.
-
C114 Communication Network -
Communication Home
