KOSPI Loses 411 Trillion KRW in Market Cap Over One Year... Samsung Electronics Market Cap Evaporates by 123 Trillion KRW

On the 7th, when the won-dollar exchange rate surpassed 1,380 won for the first time in 13 years and 5 months, dealers were working in the dealing room of Hana Bank in Euljiro, Seoul. Photo by Moon Honam munonam@

[Asia Economy Reporter Minji Lee] As the global financial market showed weakness, the market capitalization of the KOSPI also decreased by more than 411 trillion won over the past year.

According to the Korea Exchange on the 11th, the market capitalization of the KOSPI as of the closing price on the 8th of this month was recorded at 1,879.1339 trillion won. Compared to 2,290.2487 trillion won on the same day last year, 411.1149 trillion won (17.95%) evaporated in one year. During this period, the KOSPI fell 24.62%, from 3,162.99 to 2,384.28.

Looking at the market capitalization of the top stocks, the leading stock Samsung Electronics saw its stock price drop from the 76,000 won range to the mid-50,000 won range, causing its market capitalization to decrease from 455.4944 trillion won to 331.9200 trillion won, a decline of 123.5745 trillion won (27.13%).

SK Hynix fell from the 77 trillion won range to the 65 trillion won range, decreasing by 11.3568 trillion won (14.72%). NAVER and Kakao each lost 29.2885 trillion won (43.54%) and 31.3108 trillion won (50.84%), respectively, plunging from the 60 trillion won range to the 30 trillion won range.

During the same period, the market capitalization of the KOSDAQ market decreased by 83.5908 trillion won (19.09%), from 437.8217 trillion won to 354.2309 trillion won. The index plunged 25.01%, from 1,037.22 to 777.81.

The market capitalization of Celltrion Healthcare, the top company in KOSDAQ, decreased by 36.60%, from 17.6722 trillion won to 11.2036 trillion won, and Kakao Games also fell by 27.09%, from 5.5492 trillion won to 4.0459 trillion won.

This was due to the cooling of investment sentiment amid concerns about economic slowdown along with the global central banks' interest rate hike trend. Recently, the continued weakness of the Korean won, with the won-dollar exchange rate surpassing 1,380 won for the first time in 13 years and 5 months amid the dollar's strength, also burdened the domestic stock market.

This content was produced with the assistance of AI translation services.