Seoul Stock Index Falls 4% Intraday as SK Hynix and Samsung Drop Over 3%

According to Bitget, South Korea’s benchmark stock index fell as much as 4% intraday on May 28, with major technology shares including SK Hynix and Samsung each declining more than 3%.

Summary

South Korea’s benchmark stock index, identified in the older topic as the KOSPI, declined sharply during intraday trading, with reports differing on the extent of the drop. The older topic cited a 3% intraday fall to 7,975.62, while the newer topic reported a 4% intraday decline on May 28 as losses deepened. According to Bitget, major technology shares including SK Hynix and Samsung each fell more than 3%, indicating broad market weakness and continued selling pressure during the session.

Terms & Concepts
  • KOSPI: The Korea Composite Stock Price Index, South Korea’s main benchmark for listed equities.
  • Intraday trading: Price movement that occurs within a single trading session before the market closes.