Data: SK Hynix and Samsung market caps have collectively evaporated 2,261 trillion Korean won from June peak

Odaily reports: The Korea Composite Stock Price Index (KOSPI) has retreated from its record closing high of 9,114.55 points set on June 22, at one point falling below 5,000 points. The market capitalization of South Korea's two semiconductor giants, Samsung Electronics and SK Hynix, has shrunk significantly, with a combined evaporation of approximately 2,261 trillion Korean won.

Data from the Korea Exchange shows that as of 10:04 a.m. on November 6, Samsung Electronics' common stock market capitalization stood at approximately 1,071 trillion Korean won, while SK Hynix's was approximately 815 trillion Korean won. Compared with June 22, the two companies' market caps decreased by 996 trillion won and 1,265 trillion won respectively, representing declines of 48.18% and 60.81%. Their combined market capitalization fell from 4,147 trillion won to 1,886 trillion won, a contraction of approximately 54.52%. Their share of the KOSPI's total market capitalization on the main board also dropped from 55.7% to 46.5% over the same period. (EToday)