The KOSPI and KOSDAQ are showing diverging trends during trading hours. The KOSPI has dropped over 1% due to weakness in major semiconductor stocks like Samsung Electronics and SK Hynix, while the KOSDAQ has surged, recovering above the 910 mark, driven by buying interest in the bio, secondary battery, and IT component sectors.
As of 1:05 PM on June 29, the KOSPI was trading at 8310.50, down 100.71 points (1.20%) from the previous trading day. The index opened at 8334.28, down 76.93 points (0.91%), and fell to a low of 8127.99 before partially recovering.
Retail investors have purchased a net 3.6442 trillion won worth of stocks, while foreign investors have sold a net 5.4114 trillion won. Institutional investors also contributed by buying a net 1.6078 trillion won, helping to support the index.
Among the top market capitalization stocks, the performance was mixed. Samsung Electronics fell 5.15%, SK Hynix dropped 3.40%, SK Square declined 4.42%, Samsung Life Insurance was down 6.01%, and Samsung C&T fell 5.46%. In contrast, LG Energy Solution rose 18.55%, Samsung Biologics increased 6.25%, HD Hyundai Heavy Industries gained 3.90%, Hyundai Motor climbed 2.50%, and Samsung Electro-Mechanics was up 0.95%.
At the same time, the KOSDAQ recorded a gain of 62.58 points (7.35%), reaching 913.95. The index started at 860.40, up 9.03 points (1.06%), and continued to rise, peaking at 915.04 as it attempted to stabilize above the 900 mark.
Retail investors sold a net 405.7 billion won, and foreign investors sold a net 23 billion won, while institutional investors led the index's rise with a net purchase of 432 billion won.
Most of the top market capitalization stocks on the KOSDAQ showed strong performance. EcoPro surged 22.85%, EcoPro BM rose 16.01%, Alteogen increased 8.88%, Rainbow Robotics gained 6.04%, HLB was up 5.03%, and Rigakemba Bio rose 15.40%. However, Wonik IPS fell 4.27%, Kolon TissueGene was down 0.94%, and Rino Industrial dropped 0.36%.
A buy-side circuit breaker was triggered on the KOSDAQ at 9:28 AM, as the KOSDAQ 150 futures rose over 6% and the KOSDAQ 150 index increased by more than 3% for one minute, halting program trading buy orders for five minutes.
Analysts noted a rotation in market liquidity, shifting from a focus on semiconductors to sectors like bio, secondary batteries, and IT components.
Kim Seok-hwan, a researcher at Mirae Asset Securities, stated, "Geopolitical risks in the Middle East are impacting foreign investment, leading to declines in major semiconductor stocks like Samsung Electronics and SK Hynix. Conversely, the KOSDAQ is experiencing strong gains as funds move into bio, secondary batteries, and IT components, fueled by expectations of activation policies." He added, "Given that a rotation has also been observed in the U.S. market, it is important to watch for a similar trend in the domestic market, where liquidity is spreading from semiconductors to bio, power infrastructure, and policy beneficiaries."
* This article has been translated by AI.
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