South Korea’s KOSPI Falls 3.5% as SK Hynix Drops About 7%
Photo: TokenPost
South Korean stocks slid Friday, Oct. 30, with the KOSPI down 3.53% and chipmaker SK Hynix off about 7%, as a wider Asian equity retreat also hit Japan. The KOSPI lost 209.62 points to finish at 5,728.04. Samsung Electronics fell about 3%, leaving its decline roughly four percentage points shallower than Hynix’s. South Korea’s index decline was steeper on a percentage basis than Japan’s. Japan’s Nikkei 225 fell 1,369.36 points, or 2.12%, to close at 63,290.11. Electronics shares weighed on the Japanese benchmark. The KOSPI’s percentage fall exceeded the Nikkei’s by 1.41 percentage points, or about 1.7 times Japan’s decline.
Source: TokenPost
