KOSPI Closes Down 4% at 6500 Range... Sidecar Triggered on Both Markets - The Asia Business Daily
• On July 20, the KOSPI closed down 4% in the 6500 range, while the KOSDAQ plunged 5%, triggering sell-side sidecar measures on both markets. • Market sentiment in the semiconductor sector was severely weakened by Kioxia's U.S. patent lawsuit defeat, which resulted in compensation orders exceeding 300 billion won. • Additional downward pressure came from news that Moonshot is preparing for an IPO on the Hong Kong stock market.
asiae.co.kr

