KOR
▲ The closing figures for the KOSPI and KOSDAQ are displayed at the dealing room of Hana Bank in Jung-gu, Seoul, on the 15th, following a massive plunge driven by reignited debates over the profitability of the artificial intelligence (AI) industry.
Amid renewed debates over the profitability of artificial intelligence (AI) investments, the KOSPI plummeted more than 7% today (the 15th).
The KOSPI finished the session down 454.59 points, or 7.57%, at 5,554.22 compared to the previous trading day.
Both the point drop and the percentage decline recorded on this day marked the largest in about two and a half months, since July 28 (down 732.09 points, or -10.84%).
Falling for seven consecutive sessions from the 6th to today, the KOSPI has suffered a total plunge of 1,449.52 points (21%) over this period.
Looking at today alone, the index opened 335.80 points (5.59%) lower than the previous session at 5,673.01, and slipped as low as 5,450.81 (-9.29%) in the afternoon, briefly breaking below the 5,500 threshold.
However, it later recovered some of its losses to close by defending the 5,500 line.
Meanwhile, due to the sharp plunge in early trading, sell sidecars were successively triggered in both the KOSPI and KOSDAQ markets.
It has been about two and a half months since sell sidecars were sounded for both markets on the same day, last occurring on July 29.
Subsequently, as both the KOSPI and KOSDAQ indices plummeted by more than 8%, consecutive circuit breakers were triggered in both markets, temporarily halting trading for 20 minutes each.
This also marks the first time since July 29.
The KOSDAQ index plunged 63.06 points (7.65%) to close at 760.82.
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.
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