#KospiFalls2.7%SamsungSKHynixDropOver5% ๐Ÿšจ The KOSPI falls 2.7% โ€” Samsung & SK Hynix plunge by more than 5%! ๐Ÿ‡ฐ๐Ÿ‡ท๐Ÿ“‰
The South Korean KOSPI tumbled below 7,000 on September 28!
Key facts:
โœ… The KOSPI closed at 6,889.74, down 191.18 points (-2.70%) โ€” the first session after the Chuseok holiday, ending a four-day streak of gains
โœ… Samsung Electronics fell 5.05% to 270,000 won, SK Hynix dropped 5.43% to 1.768 trillion won, SK Square -7.56%
โœ… Foreign investors poured 3 trillion won ($2.22B) into Samsung & Hynix shares
โœ… Reasons: higher U.S. long-term yields, fears of delays in AI-related data center investments, speculation about an IPO of SK Hynixโ€™s U.S. subsidiary, Solidigm
Risk aversion hits tech in Asia!
#KOSPI #StockMarket #SouthKoreaCrypto #BinanceSquare
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