Seoul: The KOSPI 200 index experienced a downturn as several major companies posted declines in their stock prices at the market's close. Leading the downward trend, SK hynix saw its shares fall by 125,000, closing at 2,076,000. Similarly, Korea Zinc's stock decreased by 60,000, ending at 1,034,000.
According to Yonhap News Agency, the technology sector was particularly affected, with Samsung SDI Co., Ltd. dropping by 33,000 to finish at 412,000. Samsung Life also reported a decline of 29,000, closing at 346,000, contributing to the overall negative sentiment in the market.
Other significant declines included LS, which fell by 32,500 to 308,500, and HD Hyundai Heavy Industries, which dropped by 35,000 to 517,000. In contrast, a few companies managed to report gains; Youngone Corp and KTandG saw their stocks rise by 1,400 and 900, closing at 85,400 and 184,300 respectively.
The financial sector was not spared, with KB Financial Group declining by 2,200 to 171,000 and Meritz Financial dropping by 700 to 113,700. Despite the widespread downturn, the market remains vigilant for potential rebounds in the coming sessions.