The domestic stock market was shocked as the Trump administration increased the pressure ahead of the U.S. mutual tariff announcement.
As the timing of the full resumption of short selling is imminent, vigilance has spread throughout the stock market. The KOSPI gave up 2,600 points, and the KOSDAQ returned most of this year's gains.
According to the Korea Exchange on the 28th, the KOSPI closed at 2557.98, down 1.89% from the previous day. Two weeks after the 14th, it has sat down again to 2,500 units.
The tech-heavy KOSDAQ fell 1.94 percent to the 600-point level for the first time since the beginning of the year. Samsung Electronics (-2.59%) and SK Hynix (-3.72%) closed lower following sluggish semiconductor stocks such as Nvidia and Broadcom in the U.S. at long night.
As Samsung Electronics fell to 60,000 won during the day, a sense of crisis over the "60,000 Electronics" Mercury also emerged. SK Hynix closed the transaction at 199,300 won and gave up the 200,000 won mark again.
Shares related to high-bandwidth memory (HBM) such as Hanwha Vision (-4.29%) and Korea-U.S. Semiconductor (-4.26%). Hyundai Motor and Kia also fell for two days due to the risk of U.S. tariffs on foreign cars. Hyundai Motor fell 3.53 percent to 205,000 won on the day, while Kia fell 2.66 percent to 95,300 won.
Foreigners sold a large number of products in both markets in Korea on the same day, leading to a fall in the stock market. Foreign investors sold a net 640 billion won worth in the securities market.
In particular, it sold 96 billion won from Samsung Electronics and 143 billion won from SK Hynix, which had been sluggish that day. Hyundai Motor and Kia also had selling advantages of 72 billion won and 28 billion won, respectively.
The Trump administration's policy uncertainty has emerged, leading to a slump mainly in automobiles and semiconductors. Lee Kyung-min, a researcher at Daishin Securities, said, "The Trump administration's impromptu and surprise policy announcement has increased uncertainty in the stock market," adding, "The Japanese stock market, which reflects concerns about damage to the auto industry, and Taiwan, which has a large proportion of semiconductors."
