The South Korean stock market closed down for the third consecutive trading day, but the decline was narrower than the previous two days. Investors are digesting the results announced by Samsung Electronics and the new market stabilization measures introduced by the government. The Kospi Index closed down 1.2% after experiencing severe shocks, after rising 5.5% previously. Samsung shares rose 0.7%, and the company's semiconductor division reported a 250-fold increase in second-quarter profits. SK Hynix's stock price fell 5.6%, and has fallen by about 27% in the past three days. Josh Gilbert, chief analyst at eToro Ltd. Asia Pacific and Middle East, said that now this fluctuation has become a necessary cost of entering the market, and it does not prove that the AI theme is over. Korean stocks fluctuated sharply this week due to the liquidation of leveraged positions. Investors should expect market fluctuations to remain high. As long as fundamentals remain stable, the market will eventually return to fundamentals.

Zhitongcaijing · 2d ago
The South Korean stock market closed down for the third consecutive trading day, but the decline was narrower than the previous two days. Investors are digesting the results announced by Samsung Electronics and the new market stabilization measures introduced by the government. The Kospi Index closed down 1.2% after experiencing severe shocks, after rising 5.5% previously. Samsung shares rose 0.7%, and the company's semiconductor division reported a 250-fold increase in second-quarter profits. SK Hynix's stock price fell 5.6%, and has fallen by about 27% in the past three days. Josh Gilbert, chief analyst at eToro Ltd. Asia Pacific and Middle East, said that now this fluctuation has become a necessary cost of entering the market, and it does not prove that the AI theme is over. Korean stocks fluctuated sharply this week due to the liquidation of leveraged positions. Investors should expect market fluctuations to remain high. As long as fundamentals remain stable, the market will eventually return to fundamentals.