KRX Activates Sell-Side Sidecar for KOSPI on Sharp Fall
10 Articles
10 Articles
The domestic stock market is plummeting this morning, the 30th, in the wake of poor earnings results from Google's parent company, Alphabet. A sell-side circuit breaker was even triggered in the KOSPI market. Samsung Electronics and SK Hynix, which lead market movements, are recording sharp declines of around 6% and 8%, respectively, during the morning session.
With the KOSPI falling by more than 4% and triggering a sell-side circuit breaker, concerns over poor earnings at US big tech companies are spreading to domestic semiconductor stocks, widening the overall market decline.
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KOSPI Falls Far Harder Than Nikkei as AI Earnings Scare Hits Chipmakers
South Korea's KOSPI fell 4.77% from Thursday's close to 5,654.61 by 10:40 a.m. Seoul time on Friday. The drop followed a 12.64% slide in Alphabet shares after the Google parent's capital spending more than doubled. Japan's Nikkei 225 lost 2.81% over the same stretch, so KOSPI fell about 1.7 times...
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