The Korea Composite Stock Price Index fell more than 8% at one point, while Samsung Electronics and SK hynix plunged. Kioxia also plunged, with reports indicating that market participants were watching ¥70,000 as a defensive level.
The Korea Composite Stock Price Index fell more than 8% at one point, and Samsung Electronics and SK hynix, two major stocks, were reported to have plunged. Selling spread as market stability came under pressure, potentially affecting a broad range of stocks.
At the same time, Kioxia’s share price also plunged, reportedly undergoing an adjustment of about 40% from its all-time high since listing. Some observers also pointed to signs that investor attention was shifting from Samsung-related stocks to other sectors.
Following the sharp decline, market participants reportedly began focusing on ¥70,000 as a defensive level. Attention is now turning to future market trends and the release of additional information.