KOSPI Plummets Over 5% on Semiconductor Sell-Off...14th Sell-Side Car This Year

The KOSPI index plummeted over 5% as semiconductor sector stocks weakened, with the 14th sell-side car mechanism triggered this year due to combined selling pressure from foreign investors and profit-taking. As of 11:18 a.m. on the 26th, the index fell 483.76 points (5.42%) to 8,446.54, despite an initial drop of 117.12 points (1.31%) from the previous day. Institutional investors and foreign investors sold 2.4346 trillion won and 437.7 billion won respectively, while individuals bought 283.27 trillion won. Major stocks like Samsung Electronics and SK Hynix fell over 6% and 7% respectively, with the KOSDAQ also declining 2.47%.