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Chuseok
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- 1KOSPI drops below 7,000 as chip stocks slide after Chuseok●KOSPI falls below 7,000 as chip heavyweights slide after Chuseok
South Korea's KOSPI index fell below the 7,000 mark in trading after the Chuseok holiday, driven by declines in major semiconductor shares such as Samsung Electronics and SK Hynix. The pullback follows a strong run for Korean chipmakers this year, with investors weighing profit-taking and global chip demand concerns as markets reopen after the break.
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South Korean President Lee Jae-myung addressed the United Nations, with the appearance falling during the Chuseok harvest festival holiday. The overlap of a major presidential diplomatic moment with Korea's most important traditional holiday has drawn attention at home, as many Koreans marked the festival while following news of the president's speech on the international stage.
- 338,000 Apartments Set for Sale in South Korea's October Market▼Fall Apartment Market Opens After Chuseok: 38,000 Units to Be Sold in October
South Korea's housing market enters its fall selling season after the Chuseok holiday, with around 38,000 apartment units scheduled to be put up for sale nationwide in October. The influx makes this one of the busier supply months, and buyers and industry watchers are weighing how the large volume of new stock could affect prices and demand in major urban areas.