KOSPI Drops 1.60% in Live Trade Amid Broader Asian Selloff – Market Slips Below 2,410
Key Highlights:
The KOSPI Composite Index is trading at 2,406.04, lower by 39.02 points or -1.60%, as of Friday morning, 11 April 2025. The index has reversed sharply after yesterday’s bullish run, echoing broader Asian weakness post-Nasdaq selloff.
The South Korean market, known for its exposure to semiconductors and global tech, is under pressure due to global risk-off sentiment and concerns around rate hikes and earnings outlook.
Live Market Snapshot
| Metric | Value |
|---|---|
| Live Index | 2,406.04 KRW |
| Change | -39.02 |
| Percent Change | -1.60% |
| Market Status | Open |
Why Is KOSPI Falling Today?
1. Nasdaq’s Overnight Plunge
The U.S. Nasdaq Composite fell 4.31%, dragging down tech sentiment globally — a major hit for Korean bellwethers like Samsung and SK Hynix.
2. Profit Booking After Sharp Rally
After gaining over 6% on 10 April, investors are now locking in profits amid rising volatility.
3. Cautious Global Sentiment
Fears over persistently high inflation in the U.S. and potential delays in interest rate cuts have rattled global equities.
4. Currency Pressure
A strengthening South Korean won could affect exporters’ margins, adding to investor caution.
Key Sector Impact
- Technology: Samsung Electronics, SK Hynix leading the drop
- Autos: Hyundai and Kia slightly lower
- Banking: Mixed performance as investors reposition
- Retail & Consumer: Mild correction seen
Technical Levels to Watch
| Level Type | Value |
|---|---|
| Immediate Support | 2,380 |
| Breakdown Risk | 2,350 |
| Resistance Zone | 2,440 |
A sustained break below 2,400 could trigger further downside toward 2,380, while any recovery will need to cross 2,440 to regain momentum.
Market Commentary
“KOSPI’s sharp fall is largely a knee-jerk reaction to Wall Street’s panic. The global setup remains fragile. We expect volatility until clarity on Fed policy emerges,” said Min-ji Lee, Chief Equity Analyst, KB Securities.
“Tech stocks will continue to guide KOSPI’s near-term trend,” she added.
KOSPI Under Pressure But Holding Key Support
While the KOSPI Index is facing selling pressure today, it is still trading above 2,400, a key psychological mark. The next few sessions will be crucial in determining whether the Korean market can absorb global shocks or head into a deeper correction.
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