Seoul – The KOSPI 200 index's latest session ended with several significant stock declines, showcasing the ongoing volatility within the South Korean market. Major companies and financial institutions faced a tough trading day with substantial losses across diverse sectors.
According to Yonhap News Agency, major declines were led by Doosan with a drastic drop of 15,700 points, followed by Hyosung Advanced and Hyosung TNC, which decreased by 14,500 and 7,500 points respectively. Financial entities such as HD Hyundai Heavy Industries and LS also saw notable decreases, falling by 6,300 and 11,800 points.
Despite the downward trends, there were a few bright spots. HYBE closed up by 8,500 points, buoyed by positive developments within the entertainment sector. Similarly, Krafton rose by 7,000 points, reflecting investor confidence in its gaming products and services.
The financial sector witnessed mixed outcomes with Woori Financial Group and KakaoBank decreasing by 160 and 950 points respectively, while BGF Retail surged by 4,600 points, indicating a varied investor response to retail and banking sectors' prospects.
This session’s results reflect the ongoing uncertainties impacting the South Korean markets, driven by both internal dynamics and external economic pressures, suggesting a cautious outlook among investors.