South Korean financial markets faced a significant downturn on Thursday, driven by a sharp decline in major technology stocks. Both Samsung Electronics and SK hynix saw their share prices drop by approximately 10 percent, leading to the activation of circuit breakers on the Kospi and Kosdaq indices. The benchmark Kospi index concluded the trading day with a 7.57 percent loss, settling at 5,554.22. This performance marks the index's lowest closing level since late July. The market opened with a 5.59 percent decrease and continued to lose value throughout the session, at one point recording a decline exceeding 9 percent. This widespread sell-off reflects heightened investor concern regarding the technology sector's current market position.
Source : The Korea Herald
Photo : The Korea Herald
