KOSPI Seeks Rebound After Defending 8,200 Support Level

The KOSPI index, a benchmark for the stock market, fell by a record 9.99% on the 23rd, dipping below the 8,200 line. The KOSPI closed at 8,203.84, down 910.71 points (9.99%) from the previous trading day, marking the largest point drop in its history. The KOSDAQ market also finished lower, down 76.88 points (7.94%) at 891.52.

The decline in the stock market was led by major semiconductor blue chips by market capitalization. SK Hynix fell 12.47% and Samsung Electronics dropped 12.31%, significantly impacting the index's fall.

Yesterday, the Nasdaq Composite Index in the New York stock market fell 2.21%, driven by profit-taking in tech stocks. The Dow Jones Industrial Average closed down 0.09%, and the S&P 500 index was down 1.44%.

On the morning of the 24th, semiconductor-related stocks in the New York market showed gains, positively influencing the domestic stock market. In the pre-market today, SK Hynix was trading up 0.51% at 2,568,000 won, and Samsung Electronics was up 0.97% at 307,000 won compared to the previous trading day. SK Hynix attempted a rebound, rising to 2,615,000 won during the trading session.

The domestic stock market largely priced in the impact of the sharp decline in U.S. semiconductor stocks. A technical rebound following yesterday's sharp fall and buying at low prices led to a partial recovery of the previous day's losses.