{
  "id": 16147556,
  "title": "[Morning Market] KOSPI Threatens 5,300 Level Amid Tech Selloff",
  "url": "https://urgent.news/2026/10/23/morning-market-kospi-threatens-5-300-level-amid-tech-selloff",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-23T04:02:51.000Z",
  "source": {
    "name": "BusinessKorea",
    "slug": "businesskorea",
    "url": "https://www.businesskorea.co.kr/news/articleView.html?idxno=279533"
  },
  "original_language": "en",
  "account": "On October 23, the domestic KOSPI stock market experienced a severe decline, primarily driven by the downturn in U.S. tech and semiconductor sectors. The index opened at 5,403.17, falling 2.4% and plummeting to 5,305.98 (-4.12%) within just 10 minutes. Although the KOSPI had been hovering near the 5,500 level, it quickly dropped to the 5,300 mark. While it managed to recover some of its losses, the index remained volatile, hovering near the 5,400 level by 11 a.m., with a 2% drop rate as of that time.\n\nThe KOSDAQ index, which started at 748.32, fell 15.78 points (2.07%) and declined 4.09% to the 730 level before partially recovering. The decline was fueled by a fierce selling offensive from foreign and institutional investors, contributing to the overall downward pressure on the market. Domestic large-cap export stocks were also heavily impacted, freezing investor sentiment almost immediately after the U.S. tech and semiconductor sector corrections.\n\nForeign and institutional investors' selling dominance reached approximately 280 billion won ($211.2 million) in the KOSPI market, while institutional investors' mixed trend and defensive power weakened in the face of the overall program selling volume. Individual investors attempted to counteract the selling pressure by purchasing stocks at low prices, but their efforts were insufficient to stop the downward trend.\n\nAmong the top large-cap stocks, blue-chip companies like Samsung Electronics and SK hynix showed weakness, with the latter failing to recover from the AI credit anxiety and the correction of the U.S. semiconductor index. The electrical and electronic sectors, as well as automobile-related stocks, were generally sluggish, adding to the overall bearish sentiment in the market.",
  "summary": "On the morning of Oct. 23, the domestic stock market is starting and developing with a steep decline in both major markets, taking a direct hit from the fierce downward pressure of the U.S. tech and semiconductor sectors. The aftermath of major big tech and semiconductor-related stock prices undergo",
  "key_points": [
    "KOSPI stock market fell 2.4% to 5,305.98 on October 23",
    "Foreign and institutional investors sold dominance of 280 billion won",
    "Blue-chip companies like Samsung Electronics weakened amid tech selloff"
  ],
  "editors_take": "The heavy selling from foreign and institutional investors highlights how domestic market stability remains deeply vulnerable to volatility within the United States technology and semiconductor sectors.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}