🔴 Samsung Electronics Co., Ltd. is trading 10% down today amid Black Monday KOSPI plunge and weak chip guidance

Samsung Electronics Co., Ltd. is trading approximately 10% down at $295,500 following a significant selloff in the South Korean equity markets.

• The decline follows a sharp two-day retreat from $351,500 on June 4 and $329,000 on June 5.
• South Korea’s KOSPI index plunged 8.4% on June 8 in a Black Monday event, triggered by disappointing U.S. chip-sector guidance and escalating Middle East tensions.
• Heavy selling pressure has hit semiconductor leaders including Samsung Electronics Co., Ltd. and SK Hynix as investors recalibrate expectations for the global technology sector.