98% of South Korean stocks fell: Samsung Electronics fell more than 10%, the largest decline since 2008

News from this website on August 5, Yonhap News Agency reported that due to the adverse impact of the deterioration of U.S. economic indicators, the Korea Composite Stock Price Index (KOSPI, calculated by the prices of all stocks traded on Korean exchanges) fell below 2,500 on the 5th. point. Among stocks listed on KOSPI, 98% fell. As of the publication of this article, the Korea Composite Stock Price Index (KOSPI) was 2441.33, a decrease of 8.78%.

Samsung Electronics shares fell more than 10%, the largest drop since 2008. Previously, its largest union, NSEU, called on members to return to work but said the strike would continue for a long time.

In addition, the top 200 stocks by market capitalization are all declining. Large-cap stocks such as SK Hynix (-9.53%), Hyundai Motor (-8.40%), and Kia (-9.34%) also suffered sharp declines.

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