South Korea’s benchmark Korea Composite Stock Price Index(KOSPI) slipped below the two-thousand-500 threshold on Tuesday for the first time since August’s “Black Monday.”

The KOSPI dipped 49-point-09 points, or one-point-94 percent, on Tuesday to close at two-thousand-482-point-57.

In the securities market, foreign investors dumped a net 230-point-six billion won in South Korean stocks, or about 163-point-seven million U.S. dollars, while net selling by institutions amounted to 109-point-five billion won. 

Individual investors sold some 333 billion won worth of stocks.

The last time the KOSPI slipped below the two-thousand-500 threshold was on August 5, when the index plunged some eight-point-eight percent in just one day due to fears of a recession in the U.S. 

Samsung Electronics, which has the largest market capitalization, saw its stock price close at 53-thousand won on Tuesday, down two-thousand won, or three-point-64 percent, from Monday to record the lowest figure in nearly four-and-a-half years.