KOSPI index drops nearly 10% amid profit booking
after close1 source ↓written by the desknot a recommendation
- on 23 Jun
- 10%
- respectively
- 7.5%
South Korea’s KOSPI index fell nearly 10% on 23 Jun, triggered by heavy profit-taking after a strong rally in semiconductor stocks. Major chipmakers SK Hynix and Samsung Electronics led the decline, dropping over 10% and 7.5% respectively. This selloff coincided with broader market weakness amid rising oil supply expectations.
Not investment advice. For informational purposes only.