KOSPI Plummets 5.46% to Close at 6,035, Barely Defending 6,000 Milestone

Amid volatility centered on large-cap semiconductor stocks, the KOSPI plummeted by over 5% today (the 13th) but managed to defend the 6,000 threshold.

The KOSPI finished trading down 348.89 points from the previous day at 6,035.35.

The decline rate recorded 5.46%, the highest since August 19.

The index opened at 6,186.08, down 198.16 points from the previous session, and widened its losses to slip below the 6,000 mark.

During the session, it plunged as low as 5,911.11 at one point, but recovered the 6,000 level late in the session.

As the sharp decline continued, a sell sidecar, which temporarily suspends program sell orders, was triggered in the KOSPI market during early trading.

It has been about two months since a sell sidecar was triggered in the KOSPI market, following the previous instance in August.

The KOSDAQ index closed down 12.16 points at 837.03.

(Photo: Yonhap News)
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