KOSPI Plunges 5.46% as Foreign Selling Drives Valuations to Record Low
8 Articles
8 Articles
KOSPI plunges 5.46% as foreign selling drives valuations to record low
KOSPI plunged 5.46 percent Tuesday, as heavy foreign selling and deteriorating sentiment toward semiconductor stocks pushed the benchmark index's 12-month forward price-to-earnings ratio to a record low on a closing basis. KOSPI closed at 6,035.35, down 5.46 percent. A sell-side sidecar was triggered at 9:47 a.m., marking the 26th activation this year. It fell below 6,000 intraday before recovering slightly by the close. Foreign investors sold a…
The KOSPI suddenly plunged 5% on the 13th, falling below the 6,000 mark during trading. This was due to the worsening global outlook surrounding the artificial intelligence (AI) industry; however, the decline was particularly steeper than in other Asian stock markets with similar industrial structures, revealing a still vulnerable volatility structure. On this day, the KOSPI fell 5.46% from the previous day to 603
On the 13th, the KOSPI index plunged more than 5%, falling to the 6,000 mark. Amid reignited concerns about an overheated artificial intelligence (AI) sector and assessments that China's Changxin Memory Technology (CXMT) has significantly improved its technological capabilities, foreign investors unleashed a "sell-off bomb" exceeding 5 trillion won. The KOSPI index closed at 6,035.35, down 348.89 points (5.46%) from the previous trading day. The…
(
The domestic stock market fluctuated as semiconductor stocks wavered due to concerns over China's technological catch-up. Amidst a sell-off by foreign investors, the KOSPI index plunged more than 5% in a single day, falling to the 5,900 level, before recovering slightly to barely defend the 6,000 mark. According to the Korea Exchange on the 13th, the KOSPI index closed at 6,035.35, down 348.89 points (5.46%) from the previous close. This marks …
[Digital Daily Reporter Kang Ki-hoon] The KOSPI plunged more than 5% due to massive selling by foreign investors, falling to the 6,030 level. Samsung Electronics and SK Hynix plummeted as concerns over the technological catch-up of Chinese semiconductor companies coincided with weakness in U.S. semiconductor stocks. The 6,000 mark was breached during trading, and a sell-side circuit breaker was triggered for the first time in about two months. …
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
