KOSPI Suffers Its Worst Quarter Since 2020 đ
South Koreaâs KOSPI fell 19.3% in the third quarter, marking its biggest quarterly decline since Q1 2020. The index closed Wednesday at 6,838.04 after giving up an early gain of more than 1%.
The selloff was driven in part by weakness in major memory-chip stocks such as Samsung Electronics and SK Hynix, while rising bond yields and foreign selling added pressure. Foreign investors were net sellers during the latest session. đ
Itâs a sharp reversal after six straight quarters of gains. Yet despite the brutal quarter, the KOSPI is still up 62.3% for the year, showing just how strong the earlier rally was.#KospiPostsWorstQuarterSince2020
South Koreaâs KOSPI fell 19.3% in the third quarter, marking its biggest quarterly decline since Q1 2020. The index closed Wednesday at 6,838.04 after giving up an early gain of more than 1%.
The selloff was driven in part by weakness in major memory-chip stocks such as Samsung Electronics and SK Hynix, while rising bond yields and foreign selling added pressure. Foreign investors were net sellers during the latest session. đ
Itâs a sharp reversal after six straight quarters of gains. Yet despite the brutal quarter, the KOSPI is still up 62.3% for the year, showing just how strong the earlier rally was.#KospiPostsWorstQuarterSince2020