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KOSPI Dips Below 2,650 as Major Tech Names Pull Back

Asktraders News Team trader
Updated 24 Feb 2025

The KOSPI index gave up the 2,650 level in trading today, closing at 2645.27, down 9.31 points or 0.35%. Some profit taking after a 10.27% rise year-to-date could be expected, with the U.S. markets sell-off into the end of last week filtering through into some of the top Korean tech stocks.

Within the top 10 companies on the KOSPI, LG Energy Solution (KRX: 373220) increased by 1.85%, Naver (KRX: 035420) improved by 0.66%, and Hyundai Motor (KRX: 005380) saw a rise of 0.49%.

On the other end of the scale, the two largest cap firms on the index fell, with SK Hynix (KRX: 000660) down by 2.15%, and Samsung Electronics (KRX: 005930) by 1.55%.

Top performers among the KOSDAQ's leading companies included HLB, which saw a 7.58% increase, Sam Chun Dang Pharm (KOSDAQ: 000250) rising by 3.95%, and EcoPro BM (KOSDAQ: 247540) increasing by 2.47%.

Additionally, in the foreign exchange market, the KRW-USD exchange rate decreased by 6.9 KRW, ending at 1427.4 KRW.

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