South Korea’s KOSPI Falls More Than 1% as SK Hynix Drops Over 2%

Globes

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Globes presents its first update on the state of markets around the world • And this morning: The Seoul Stock Exchange drops by over 2%, chip giants Samsung and SK Hynix lose ground • After Trump rejected Iran's proposal to open the Strait of Hormuz - oil prices climb, along with US government bond yields • And also: The S&P 500 is on track to close September in the green, but there are worrying trends under the hood

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Samsung Electronics and SK Hynix entered a period of consolidation on the 28th, the first trading day following the Chuseok holiday. Although the rebound trend from before the holiday and expectations for improved earnings persist, a wait-and-see sentiment has intensified due to a confluence of short-term variables, such as Samsung Electronics' ex-dividend date and SK Hynix's subsidiary Solidigm's push for a U.S. listing. According to the Korea…

ddaily.co.kr

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[Digital Daily Reporter Kang Ki-hoon] The KOSPI is showing weakness in early trading on its first trading day following the Chuseok holiday. Large-cap semiconductor stocks, such as Samsung Electronics and SK Hynix, are falling in tandem, dragging the index down. On the other hand, the KOSDAQ is rising by more than 1%. According to the Korea Exchange on the 28th, as of 9:21 AM, the KOSPI is recording 7,039.80, down 41.12 points (0.58%) from the …