The Korea Composite Stock Price Index (KOSPI) plummeted 2.70% on Monday (28th), falling below the 7,000-point mark to close at 6,889.74 points, dragged down by a sharp rise in US long-term government bond yields. Samsung Electronics and SK Hynix shares both dropped over 5% in a single day, becoming major contributing factors to the decline. From the 1st to the 23rd of this month, the average daily turnover rate of KOSPI-listed stocks fell to 0.50%, the lowest this year and the sixth consecutive month of decline. During the same period, retail investors and foreign investors net sold 16.69 trillion Korean Won (approximately $11.9 billion) and 16.42 trillion Korean Won (approximately $11.7 billion) respectively on the KOSPI main board, totaling over 33 trillion Korean Won in net sales. Market participants noted that high interest rates and oil price pressures have led to a slow return of off-exchange funds, and investors are awaiting direction from US PCE data and Micron's earnings report.