KOSPI, KOSDAQ plunge more than 3% on Wall Street plunge

[Anchor]
With the New York stock market plunging due to renewed recession concerns, our stock market has also been hit directly.

Both the KOSPI and KOSDAQ plunged more than 3%.

Connect reporters to find out more.

Reporter Ryu Hwan-hong, why did the index fall like this?

[Reporter]
Investor sentiment was sharply frozen due to the impact of the New York stock market plunge.

Both the KOSPI and KOSDAQ indexes plunged to the 3% range.

The decline deepened in the afternoon.

The KOSPI started 2.8% lower than yesterday and closed at 2,580.08, down 3.15%.

The KOSDAQ index also started with a 2.86 percent drop and closed 3.75% lower at 731.75.

In the KOSPI market, foreigners sold a net KRW 1 trillion and institutions sold a net KRW 730 billion.

In the KOSDAQ market, institutions sold a net 150 billion won.

Most of the top market cap stocks fell.

Samsung Electronics fell more than 3 percent, SK Hynix fell 8 percent, and Korea-U.S. Semiconductors fell 7 percent.

Samsung Electronics also managed to keep the 70,000 won mark at the end of the market, although the 70,000 won mark collapsed in the market.

SK Hynix's KRW 160,000 level collapsed.

It seems to have been directly hit by the plunge in the New York Stock Exchange in the U.S.

In particular, the fall in domestic semiconductor stocks was deep as Nvidia shares, a major AI semiconductor stock, plunged.

Last night, concerns of a slowdown resurfaced on the New York Stock Exchange, with all three major indexes - the Dow, Nasdaq and the S&P 500 - recording sharp declines.

The tech-heavy Nasdaq Composite plunged more than 3%.

Nvidia is down nearly 10%, AMD is down 8% and Broadcom is down about 6%.

The Philadelphia Semiconductor Index is about 8% behind.

The biggest drop in about a month has been made since the 5th of last month, when the fear of R, or recession, recorded a big drop.

Last month, the U.S. manufacturing purchasing managers' index fell below market expectations, raising concerns about slowing growth again.

At the same time, the traditional weakness of the stock market in September also froze investor sentiment.

The market predicted that domestic semiconductor stocks will continue to dance this week as Nvidia shares plunge and surge.

However, as semiconductor stocks have fallen a lot recently, there are many predictions that they will move sideways by consolidating the bottom rather than falling further.

The stock price plunged, but the won-dollar exchange rate did not rise as much as expected.

The local currency gained 0.8 won to 1,342.2 won as of 3:30 p.m. against the U.S. dollar in Seoul's foreign exchange market.

I'm YTN's Ryu Hwan Hong.