(Photo= Yonhap news)

 

[Alpha Biz= Reporter Kim Sangjin] On September 2, the KOSPI index fell sharply by 3%, settling around the 2,670 level. Samsung Electronics also experienced a significant decline, dropping to 79,600 KRW per share, marking a loss of 3,500 KRW (4.21%). 

 

This is the first time Samsung's share price has fallen to the 70,000 KRW range since June 18, 2023. Foreign investors sold off 2.285 trillion KRW worth of Samsung shares, while institutional investors offloaded 2.468 trillion KRW, contributing to the decline. The drop of 4.21% is the largest since June 15, 2020.

SK Hynix faced an even steeper decline, with its share price plummeting by 10.40% to 173,200 KRW. This represents the largest drop since August 18, 2011, when shares fell by 12.24%. SK Hynix's market capitalization shrank from 140.722 trillion KRW to 126.9 trillion KRW. Foreign investors sold 3.711 trillion KRW worth of SK Hynix shares, while institutional investors sold 1.454 trillion KRW.

This market turbulence reflects a broader decline in major tech stocks, driven by significant sell-offs by both foreign and institutional investors.

 

 

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