KOSPI Composite Index falls 0.94% after previous day's sharp rise; Samsung Electronics and SK hynix both weaken [FN Morning Market]

[Financial News] The KOSPI failed to extend the previous day's sharp gains and slipped to the 5,660 level. Samsung Electronics and SK hynix are both down, while decliners outnumber gainers.
As of 10:03 a.m. on the 22nd, the KOSPI was at 5,681.48, down 54.18 points (0.94%) from the previous trading session.
The index opened at 5,670.11, down 65.55 points (1.14%) from the previous session. It climbed as high as 5,740.28 intraday, briefly turning positive, but later weakened again. Its intraday low was 5,663.75.
The previous day, the KOSPI closed at 5,735.66, up 182.92 points (3.29%), but it has been unable to sustain its upward momentum today.
Large-cap semiconductor stocks also fell in tandem. Samsung Electronics was trading at 221,000 won, down 1.12% from the previous trading session, while SK hynix was at 1,276,000 won, down 1.39%.
Decliners also outnumbered advancers across the broader market. On the KOSPI market, 272 stocks rose, 585 fell and 53 were unchanged. By market capitalization, the large-cap index fell 1.00%, mid-caps lost 0.35% and small-caps declined 0.50%.
Meanwhile, the KOSDAQ (Korea Securities Dealers Automated Quotations) index was trading at 785.34 at the same time, down 7.42 points (0.94%) from the previous day.


[email protected] Choi Doo-seon Reporter