The KOSPI index experienced extreme volatility on the 6th, surging to the 8300-level before reversing sharply and falling below 7900. As of 1:20 PM, the index traded at 7968.49, down 118.54 points (1.48%) from the previous session, after hitting an intraday low of 7815.53. Foreign investors and institutions each sold over 1 trillion won worth of shares, driving the downturn despite major corporate events including Samsung Electronics' second-quarter preliminary earnings announcement and SK Hynix's ADR listing in the US. Persistent concerns over AI semiconductor supply oversupply contributed to mixed investor sentiment, according to market analysts.
KOSPI Opens Strong Then Plunges to 7815.53 Intraday Low
According to MPDoctor, the KOSPI opened at 8186.82, up 98.48 points (1.22%) from the previous session, and successively broke through the 8200 and 8300 levels. The index climbed to an intraday high of 8237.26 before reversing course and dropping to 7815.53 during the session. Hwang Ji-woo, a researcher at SK Securities, stated that this week's core event is Samsung Electronics' preliminary earnings announcement, noting that if memory price increases significantly exceed expectations, concentration into AI-related stocks will be possible. He added that if results fall somewhat short of expectations, the recent rotation trading pattern may continue.
Foreign and Institutional Investors Sell Over 1 Trillion Won Each
In the KOSPI market, individual investors net purchased 2.2518 trillion won, while foreign investors and institutions net sold 1.2344 trillion won and 1.1108 trillion won respectively. By sector, securities, entertainment and culture, transportation equipment and parts, electricity and gas, and insurance showed strength. Conversely, medical and precision equipment, pharmaceuticals, and electrical and electronics sectors were weak.
Samsung Electronics and SK Hynix Show Divergent Performance
The top two stocks by market capitalization showed divergent trends. Samsung Electronics (005930) traded at 311,500 won, up 2,000 won (0.65%) from the previous session. SK Hynix (000660) traded at 2,337,000 won, down 88,000 won (3.63%) from the previous session. Among other top market-cap stocks, Hyundai Motor (005380) rose 0.61%, Samsung Life Insurance (032830) rose 0.78%, and Samsung C&T (028260) rose 2.42%. Meanwhile, SK Square (402340) fell 5.92%, Samsung Electro-Mechanics (009150) fell 9.55%, and LG Energy Solution (373220) fell 3.31%.
KOSDAQ Falls 3.60% with Broad-Based Selling
The KOSDAQ also continued its decline. At the same time, the KOSDAQ traded at 837.15, down 31.26 points (3.60%) from the previous trading day. The index opened at 866.40, down 2.01 points (0.23%) from the previous session, and widened its losses. By investor type, individuals net purchased 329.7 billion won, while foreigners and institutions net sold 190.7 billion won and 140.4 billion won respectively. The top two stocks by market capitalization both weakened. Alteogen (196170) traded at 333,000 won, down 8,500 won (2.49%) from the previous session, and EcoPro BM (247540) traded at 119,800 won, down 4,600 won (3.70%). Among other top market-cap stocks, EcoPro (086520) fell 2.81%, Rainbow Robotics (277810) fell 2.74%, Jusung Engineering (036930) fell 5.92%, and Kolon TissueGene (950160) fell 5.87%. Conversely, HLB (028300) rose 0.83% and Peptron (087010) rose 3.49%.
FAQ
What happened to Korean stocks on the 6th?
The KOSPI index surged to the 8300-level in early trading on the 6th before reversing sharply to fall below 7900, reaching an intraday low of 7815.53. As of 1:20 PM, the index traded at 7968.49, down 1.48% from the previous session.
Why did KOSPI stocks fall despite major corporate events?
Foreign investors and institutions each sold over 1 trillion won worth of shares, driving the downturn despite Samsung Electronics' second-quarter preliminary earnings announcement and SK Hynix's ADR listing in the US. Persistent concerns over AI semiconductor supply oversupply contributed to mixed investor sentiment.
How did Samsung Electronics and SK Hynix perform on the 6th?
Samsung Electronics traded at 311,500 won, up 0.65% from the previous session, while SK Hynix traded at 2,337,000 won, down 3.63% from the previous session, showing divergent performance among the top two market-cap stocks.
