[Opening Market] KOSPI Opens Sharply Lower Below 6,000 on U.S. Big Tech Plunge
On the morning of Oct. 30, the domestic stock market started with a sharp decline as major big tech companies, including Alphabet, plunged in the U.S. New York stock market overnight, and disappointment selling continued following Samsung Electronics’ announcement of its confirmed third-quarter earn
On October 30, the KOSPI stock market opened sharply lower, below the 6,000 mark, in reaction to the decline of major U.S. tech companies such as Alphabet. The KOSPI closed at 5,760.35, down 2.99% from the previous day, and the KOSDAQ also faced weakness in the 2% range. The drop was primarily due to foreign and institutional investors showing dominance in selling, while individual investors attempted to buy on the dip.
Major large-cap stocks, including Samsung Electronics and SK hynix, experienced significant declines, while the won-dollar exchange rate remained steady at 1,337.8 won.
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