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South Korea's KOSPI index fell this week 14.5%, marking the 2008 year October largest weekly decline since;October 16 closed higher 2.05%, at 5668.04 points.
South Korea's Ministry of Economy and Finance said it will closely monitor whether stock market volatility spreads to bond, foreign exchange, and money markets, and will respond sternly to acts that disrupt market order.
October 15, South Korea's KOSPI closed down 7.56%points, falling more than 9%intraday and triggering the tenth circuit breaker of the year; Upbit's trading volume over the past 24 hours rose to 1210000000 USD。
October 15, South Korea’s KOSPI index fell by 7%，SK SK hynix fell 10%, Samsung Electronics fell nearly 8%。
South Korea’s KOSPI index rose by more than 2%intraday before ultimately falling at the close by 0.44%；SK SK Hynix fell 1.66%。
October 14, South Korea’s KOSPI Index rises 1.52%，SK SK Hynix and Samsung Electronics rise 3.47%and 3.66%. Previously, South Korean stocks experienced selling for 5 consecutive trading days.
PANews, citing CoinDesk, reported that AI concerns over investments and weakening risk sentiment in Asia triggered sharp volatility in South Korean stocks and the cryptocurrency market.BTC temporarily fell below 81000 USD before returning to around 83000 USD，ETH fell to nearly 2400 USD。
October 13, South Korean equities and semiconductor stocks fell sharply, and AI-related capital showed signs of concentration and shorter investment horizons; the market is awaiting the U.S.September CPI to verify the inflation and interest-rate path.
The report says that the South Korean stock market 4 months declined 32%, with Samsung Electronics leading the semiconductor sector lower; the gap between OpenAI’s revenue and expectations and increased capital expenditures by memory manufacturers triggered volatility in chip stocks and concern over forced liquidation among retail investors.
PANews reported that Tom Lee believes a decline in the South Korean stock market could spill over into the crypto market through margin liquidations,ETH which may face selling pressure in the short term.
South Korea KOSPI index October 12 closed down 241.69 points, a decline of 3.65%, at 6384.24 points; Samsung Electronics and SK SK Hynix fell 4.38%and 4.52%。
The report says that Samsung and SK hynix buying is limited to buybacks, and Korean stocks are beginning to decouple from global AI market conditions.