KOSPI opens down 5.02% amid sharp decline in tech stocks

Chainthink

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Summary

The Fear and Greed Index dropped sharply as the KOSPI opened at 7,886.87, down 5.02% on July 2. SK Hynix and Samsung Electronics fell 7.6% and 6.5%, respectively, pulling the market lower. On-chain data revealed significant selling pressure in the technology sector. The Nikkei 225 also declined 0.65% to 70,015.11, reflecting broader regional weakness.

According to market data, on July 2, the South Korean KOSPI index opened down 416.54 points, or 5.02%, at 7,886.87. Among its components, SK Hynix fell 7.6% and Samsung Electronics dropped 6.5% at the open.

At the same time, the Nikkei 225 index opened down 459.85 points, or 0.65%, at 70,015.11.

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