📉 South Korean stock market hits a Black Thursday as KOSPI plunges 6.4%
South Korean stocks crashed again today as negative factors piled up in the market:
▪️ KOSPI fell 6.4% to 6,818 points, while KOSDAQ dropped 4.5%
▪️ SK hynix shares plunged 11%, Samsung Electronics fell 8%
▪️ Japan’s Nikkei 225 also fell 2.79%, and Kioxia dropped 14%
▪️ The Bank of Korea announced its first rate hike in more than three years
▪️ Leveraged ETFs tracking Samsung and SK hynix have seen nearly 90 trillion won wiped out in two weeks, as regulators are about to step in to crack down
The semiconductor sector is undergoing a collective deleveraging after the AI bubble, and Korean authorities have finally had enough.
BTC is currently at $64,089 (-0.9%), and volatility is lower by comparison.
#韩国股市 #KOSPI #半导体 #SK海力士