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KOSPI Falls for a Third Consecutive Day as Even Samsung's Record Earnings Fail to Halt the Selloff Today
['Mike Clair']
International Business Times Australia
The KOSPI closed at 5,593.56, down 69.68 points, or 1.23%, after briefly attempting to reclaim the 6,000-point threshold earlier in the session.
The KOSPI has now dropped 1,162.19 points, or 17%, over the past three trading sessions alone.
The tech-heavy KOSDAQ index fared even worse Thursday, closing at 644.78, down 17.90 points, or 2.70%, marking its own third consecutive daily decline.
The session's central paradox centered on Samsung Electronics, which reported record second-quarter earnings but still could not lift the broader index.
Thursday's session capped a month of extraordinary volatility for Korean equity markets more broadly.