KOSPI Falls Below 7,000 as Semiconductors Plunge
KOSPI plunges, pushed below 7,000 amid shock from large-cap semiconductor stocks Quickly check the background behind the sidecar and circuit breaker and the stock market outlook
The KOSPI fell by nearly 9% on the 13th, dragged down by the sharp plunge in large semiconductor stocks, and was pushed below the 7,000 level. The KOSDAQ also declined, giving up the 800 mark.
Samsung Electronics and SK Hynix dropped sharply, and during trading, sellside circuit breakers and circuit breakers were triggered one after another. Massive net selling by foreign investors and institutions deepened the index's decline, while individual investors responded with net buying.
The market believes that concerns over whether the semiconductor cycle has peaked amid a slowdown in AI investment, along with external uncertainties such as tensions in the Middle East, weakened investor sentiment. There were also observations that the earnings of global big tech companies later this month could affect the future direction of the stock market.