KOSPI extends intraday loss to 3% as leveraged long Samsung product drops over 17%

KOSPI extends intraday loss to 3% as leveraged long Samsung product drops over 17%

N
News Editor
2026-08-24 03:16:20
South Korea’s KOSPI extended its intraday decline to 3% on Aug. 24 and fell below the 6,700 level, according to Bitget market data cited by BlockBeats. Among major index components, SK Hynix was down 2.6%, while Samsung Electronics fell more than 8%. Against that backdrop, the South Korea product described in the source as Southern Double Long Samsung dropped more than 17%. The move tracked the weakness in Samsung shares as losses deepened across the benchmark index during the session.

South Korea’s KOSPI widened its intraday loss to 3% on Aug. 24, falling below 6,700, according to Bitget market data cited by BlockBeats.

Among heavyweight stocks, SK Hynix fell 2.6% and Samsung Electronics lost more than 8%. A product identified in the source as Southern Double Long Samsung dropped more than 17% following the move.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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