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KOSPI Falls Below 5,600 as SK hynix and Samsung Shares Weaken

The index was down 3.17% intraday, while SK hynix fell 4% and Samsung lost 3%.

Updated 1 min read
Commuters walk past the Korea Exchange building in Seoul's Yeouido financial district on a gray morning. / EconoTimes.ai
Commuters walk past the Korea Exchange building in Seoul's Yeouido financial district on a gray morning. / EconoTimes.ai

South Korea’s benchmark KOSPI fell below 5,600 on Monday as a 3.17% intraday decline coincided with losses in SK hynix and Samsung, showing pressure across the country’s stock market.

The index moved under 5,600 during the opening stretch of trading. The 3.17% figure was recorded before the session ended; no closing result was reported. SK hynix shares declined 4%, compared with a 3% drop for Samsung. That left SK hynix down one percentage point more than Samsung among the two named chipmakers.

The figures cover different measures: a broad market index and shares in two individual companies. On Oct. 15, the KOSPI opened down 5.59%, fell more than 8% intraday and prompted a trading halt before trading resumed. It closed at 5,554.22, down 7.5% for the session, according to EconoTimes’ earlier coverage of the halt and close.

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