Coupang soared 17% as Nasdaq surged 3.77% (Supplementary)

Coupang Daily Stock Trend – Yahoo Finance Capture

Reporter Park Hyung-ki = The US stock market surged when the US Federal Reserve raised interest rates by 0.25 percentage points as expected by the market. In particular, the Nasdaq, which had suffered a major drop in the past, soared 3.77%. This is believed to be due to the influx of low-priced purchases of technology stocks, which have plummeted in the meantime.

Thanks to this, Coupang recorded $18.09 in the New York Stock Exchange on the 16th, up 17.09% from the previous trading day.

The day before, Coupang plunged more than 4% after SoftBanks Vision Fund, led by Chairman Son Jeong-eui, sold $1 billion worth of Coupang shares.

However, Coupang seems to have surged more than 17% on the day as low-priced buying of technology stocks flowed in.