SOX recovers to pre-intraday plunge level on the 11th after a 12.25% plunge on the 5th
Original headlineSOX, 5일 12.25% 급락 뒤 11일 장중 급락 전 수준 회복
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The Philadelphia Semiconductor Index (SOX) rebounded intraday on August 11 to 10,287.32, surpassing its pre-selloff close of 10,268.65 on August 4, after plunging 12.25% to 9,011.14 on August 5. The index then recovered over subsequent sessions, closing at 9,390.25 on August 6, 10,033.93 on August 9, and 9,998.33 on August 10. The move matters because it signals that semiconductor stocks have fully retraced one of their sharpest single-day drops, with the intraday low on August 11 holding above the August 4 close. Traders will watch whether SOX can sustain gains above the 10,268 level and hold its recovery momentum in the sessions ahead.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Philadelphia Semiconductor Index (SOX), Nasdaq, Federal Reserve Bank of St. Louis (FRED), MarketScreener