Dragged down by an overnight sharp drop in the US chip sector, the biggest drop in the South Korean benchmark stock index composite index reached 3.2%, ending three consecutive days of upward trend. SK Hynix, Samsung Electronics, and SK Square are the main major stocks that dragged down the market decline. Foreign investors continued to sell off the constituent stocks of the Korean Composite Index, retail investors bucked the trend and local funds sold at the same time. The small-cap KOSDAQ index saw the biggest drop of 3%. The performance of the Korean stock market was weaker than the MSCI Asia Pacific Index, which had the biggest decline of 1.1%.

Dragged down by an overnight sharp drop in the US chip sector, the biggest drop in the South Korean benchmark stock index composite index reached 3.2%, ending three consecutive days of upward trend. SK Hynix, Samsung Electronics, and SK Square are the main major stocks that dragged down the market decline. Foreign investors continued to sell off the constituent stocks of the Korean Composite Index, retail investors bucked the trend and local funds sold at the same time. The small-cap KOSDAQ index saw the biggest drop of 3%. The performance of the Korean stock market was weaker than the MSCI Asia Pacific Index, which had the biggest decline of 1.1%.