Korea Stock Market (KRX) Today (September 28): Why is the Korean Stock Market Down Today? KOSPI Falls Below 7,050, KOSDAQ Rises, Samsung Electronics & SK Hynix Slide – Check Top Gainers & Losers
AI-summarised brief · reviewed before publication
South Korean equities resumed trading on Monday after the Chuseok holiday, and the benchmark KOSPI opened lower despite a rally on Wall Street. The index fell to a intraday low of 7,035.03 before closing at 7,040.76, a 0.47% decline from the previous close of 7,080.92. The drop was led by major semiconductor makers; Samsung Electronics and SK Hynix posted losses in early trading, prompting foreign investors to sell a net 73.1 billion won and institutions to sell 23.1 billion won. Meanwhile, individual investors bought a net 77.1 billion won. Higher U.S. 10‑year Treasury yields around 5.17% and profit‑taking in the tech sector added pressure, while falling Brent crude to about $104 a barrel offered limited relief.
💡 Why It Matters
- · The slide underscores how quickly Korean tech stocks react to global rate hikes and profit‑taking, threatening the market’s post‑holiday rebound.