South Korean Stocks Tumble 11%

Dow Jones07-28

This article was automatically generated by Dow Jones using technology from Automated Insights.

Stocks in South Korea dropped Tuesday, as the Kospi Composite Index plunged 10.8% to 6023.66.

Among local companies with a market cap of at least 10 trillion South Korean won ($6.84 billion), LG Innotek was the biggest laggard, tumbling 16%, followed by shares of SK Telecom, which tumbled 16%. Shares of Samsung Electro-Mechanics plunged 16%.

Samsung Biologics was the biggest leader during the session, rising 0.3%, and KT Corp climbed 0.2%. LIG Defense&Aerospace rounded out the top three movers, as shares climbed 0.1%.

In other parts of Asia, stock indexes were mixed. Hong Kong's Hang Seng Index rose 0.4%, China's Shanghai Composite Index dropped 1.2% and Japan's Nikkei Stock Average dropped 4.0%.

On the currency front, the WSJ Dollar Index held steady at 97.62. The dollar weakened 0.2% against the won to 1,461.60 won.

In the bond markets, the 10-year South Korean government bond yield declined 4.5 basis points to 4.295%.

Data source: Dow Jones Market Data, FactSet

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