South Korea stocks diverge as Kospi reclaims 6,900 and Kosdaq triggers sidecar

The Kospi rose 60.37 points, or 0.88%, to 6,912.95 on Aug. 21, recovering above 6,900 for the first time since Aug. 14 as Samsung Electronics and SK Hynix rallied on shareholder-return expectations. The Kosdaq closed down 38.95 points, or 4.63%, at 801.94 after falling to 796.22 intraday and triggering a sell-side sidecar, temporarily suspending the validity of program trading orders. The decline reflected profit-taking in biotech and semiconductor materials, parts and equipment stocks, weaker U.S. markets and higher Treasury yields, while the frequency of safeguards continued to prompt calls to reassess their effectiveness.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.