Samsung Electronics' Market Cap Drops by 127 Trillion Won, SK Hynix by 87 Trillion Won
On March 3, the KOSPI recorded its largest-ever single-day drop of 452.22 points, causing the total market capitalization of all listed companies to shrink by more than 377 trillion won in just one day.
According to the Korea Exchange, the total market capitalization of the KOSPI market stood at 4,769.4 trillion won at market close that day, down 376.9396 trillion won compared to the previous trading day on February 27. This represents the largest single-day decrease in the history of the Korean stock market.
On the 3rd, at the Hana Bank dealing room in Jung-gu, Seoul, news related to the KOSPI index decline is displayed on the status board. Photo by Yonhap News Agency
Samsung Electronics saw its market capitalization decrease by approximately 126.6803 trillion won from the previous trading day. The company's share price plunged 9.88% on the day, falling below the 200,000-won mark for the first time in five trading sessions.
SK Hynix also saw its market capitalization drop by 86.9497 trillion won (11.5%), breaking below the 1 million-won threshold. Hyundai Motor (-11.72%), LG Energy Solution (-7.96%), and Samsung Biologics (-5.46%) also all reported declines in market capitalization.
The combined market capitalization of all KOSDAQ-listed companies at market close stood at 625.3793 trillion won, down 29.9196 trillion won (4.57%) from the previous day. This marked the second-largest single-day decrease in the history of the KOSDAQ market, with the largest being a 43 trillion won drop on August 5, 2024.
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