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005930.KS
Samsung Electronics (005930)
269,500.00
-0.19% (-500.00)
Market read
Korea's two biggest chipmakers are selling off together with the broader index, signaling a market-wide drop rather than a company-specific problem. Because Samsung and SK Hynix carry heavy weight in the KOSPI, their declines are a major driver of the index's overall fall.
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South Korea's KOSPI fell 4.00% intraday to 6,560.35 points, with Samsung Electronics down about 4% and SK Hynix down 4.5%.
Korea's two biggest chipmakers are selling off together with the broader index, signaling a market-wide drop rather than a company-specific problem. Because Samsung and SK Hynix carry heavy weight in the KOSPI, their declines are a major driver of the index's overall fall.
Jin10·09/02, 12:05 PM
Low impactSouth Korea's KOSPI index fell 4.00% intraday to 6,560.35 points, with Samsung Electronics down about 4% and SK Hynix down 4.5%.
Jin10·09/02, 09:20 AM
Low impactSouth Korea's KOSPI fell more than 3% on Wednesday as escalating US-Iran conflict pushed bond yields higher, with Samsung Electronics, SK Hynix and LG Energy Solution down over 3%, Hyundai and Kia down over 5%, and foreign investors net selling about 890.2 billion won (about $649.8 million) of stocks.
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