04.11.202502:07:23UTC+00KOSPI Retreats on Profit-Taking

The KOSPI index experienced a 1.40% decline on Tuesday, descending to approximately 4,160 as investors took the opportunity to lock in profits following its recent peak at record levels. A general downturn across the board influenced the index, with significant weakness observed in technology and automotive stocks. Notable decliners included SK Hynix, which fell by 3.15%, Samsung Electronics by 1.80%, Hyundai Motor by 3.60%, and Kia Corporation by 2.21%. Meanwhile, market participants assessed recent data indicating that consumer prices increased by 2.4% in October compared to the prior year. This rise marked the most rapid escalation in 15 months and exceeded both the September increase of 2.1% and market forecasts, which anticipated around a 2.2% rise. The unexpectedly robust data fueled market caution, heightening concerns that the Bank of Korea might postpone anticipated interest rate reductions in response to ongoing inflationary pressures.