Seoul: The KOSPI 200 index witnessed a considerable downturn in Tuesday's trading session, with several major stocks closing at lower prices on the Korea Stock Exchange. Among the notable decliners were Samsung Electronics and SK hynix, both of which faced significant losses.
According to Yonhap News Agency, Samsung Electronics closed at 195,100 KRW, marking a decrease of 21,400 KRW. SK hynix experienced a steep decline, ending the session at 939,000 KRW, down by 122,000 KRW. Other technology-related stocks also recorded declines, with Samsung SDS falling to 177,600 KRW, a drop of 17,400 KRW, and Samsung Securities closing at 100,500 KRW, down by 6,300 KRW.
In the chemical sector, Lotte Fine Chemical and LG Chem were among those affected. Lotte Fine Chemical's stock closed at 49,350 KRW, down by 1,750 KRW, while LG Chem saw its share price fall to 361,000 KRW, experiencing a substantial drop of 56,500 KRW.
Despite the broader declines, some stocks showed resilience. Korea Aerospace Industries and Hanwha Aerospace recorded gains. Korea Aerospace closed at 197,600 KRW, up by 6,100 KRW, and Hanwha Aerospace ended at 1,432,000 KRW, marking a significant increase of 237,000 KRW.
Other sectors did not fare as well, with companies like Hyundai Motor and KCC seeing declines. Hyundai Motor's stock decreased by 79,000 KRW, closing at 595,000 KRW, while KCC ended the day at 583,000 KRW, down by 68,000 KRW.
The trading session reflected a challenging day for the KOSPI 200, with declines across various sectors impacting the overall market performance.