STOCK

Kospi plunges over 6%, breaking below 6,000

by
Jeong Yun-hee
Published : Oct. 13, 2026 - 10:31:37
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The Kospi and international oil prices are displayed on an electronic board at the Hana Bank headquarters dealing room in Jung-gu, Seoul, on Tuesday. [Yonhap]
The Kospi and international oil prices are displayed on an electronic board at the Hana Bank headquarters dealing room in Jung-gu, Seoul, on Tuesday. [Yonhap]

The Kospi plunged more than 6 percent during trading Tuesday, falling below the 6,000-point threshold.

As of 10:25 a.m., the index was down 386.08 points, or 6.05 percent, from the previous session to 5,998.16, according to Korea Exchange.

The drop was driven by heavy foreign selling of 1.92 trillion won ($1.44 billion), while individual and institutional investors were net buyers of 1.42 trillion won and 485.7 billion won, respectively.

Earlier, a sell-side sidecar was triggered on the Kospi market at 9:47:58 a.m. Kospi 200 futures fell 51.20 points, or 5.08 percent, to 955.02 from a base price of 1,006.22. Because the futures price remained more than 5 percent below the base price for over one minute, program sell orders were suspended for five minutes.

It was the first time a sidecar had been triggered on the Kospi market since Aug. 20. The sell-side sidecar was the first of its kind in roughly two months, since Aug. 19.

Among large-cap stocks, Samsung Electronics and SK hynix both fell sharply. Samsung Electronics was trading at 233,000 won, down 17,500 won, or 6.9 percent, from the previous session. SK hynix dropped 42,000 won, or 8.80 percent, to 1.46 million won.


yuni@heraldcorp.com
This content was produced with the assistance of AI translation services.

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