South Korea's Kospi plunged on Monday as investors took profits in major semiconductor stocks after the market's record rally of 1001.89 points on Friday.
The Korea Composite Stock Price Index, or Kospi, decreased by 338 points, or 5.1%, to end at 6,257.45. The Kosdaq, however, increased by 17.59 points, or 2.4%, to close at 737.35.
In economic news, South Korean manufacturing output expanded at a faster rate in July versus the previous month, S&P Global said Monday.
The latest seasonally adjusted S&P Global South Korea Manufacturing PMI rose to 53.1 from 52.1 in June.
S&P said the rate of improvement was among the fastest recorded over the past four years.
In corporate news, SK Inc. (KRX:034730) agreed to transfer 47.3 million shares it holds in SK Siltron to Doosan Corp. (KRX:000150) for 2.3 trillion won by Jan. 31, 2027, pending regulatory approvals and conditions precedent.
The disposal includes 34.2 million shares currently held plus 13.1 million shares to be acquired through Total Return Swap agreements, according to a bourse filing on Monday.
The transaction incorporates an excess profit-sharing mechanism tied to SK Siltron's EBITDA targets through 2034, quality certification milestones, and asset sale proceeds exceeding book value.
SK Inc.'s shares fell 6%, while Doosan jumped 6% at market close.