The Korean stock market suffered a huge downfall on Friday, with the KOSPI index falling by more than 8 per cent, triggering a melting mechanism. The Korea Exchange then suspended the transaction for 20 minutes and temporarily suspended the process of selling the sale to ease market volatility.
The market value evaporates over 36.6 trillion won.
The fall resulted in the evaporation of the market value of the Korean stock market in excess of 36.6 trillion won, or approximately $24.6 billion. The weight share was generally under pressure, of which three stars of electrons and SK Hercules were down by almost 9 per cent, and the drag index was further down.
It's a big deal.
According to the data, foreign investors sold about 2.5 trillion won at the early start, or about $1.6 billion. The withdrawal of foreign investment has increased market outages and amplified volatilities.
The AI Concept Unit is losing its temper.
The report mentions that the weakening of market sentiment is related to AI-related stock underage. As transactions resume, investors will be concerned about whether the volatility has subsided and whether the weightings of the technology stock can be stopped.