The KOSPI index, which fell below the 670-point mark due to a sharp decline in Samsung Electronics, is expected to attempt a recovery on the 25th. Following a broad weakness in semiconductor stocks in the U.S. market overnight, attention is turning to whether bargain buying will emerge for semiconductor stocks like Samsung Electronics and SK Hynix, which experienced significant drops the previous day.
As of 8:35 a.m. on the 25th, Samsung Electronics was trading at 252,000 won, down 1.95% from the previous trading day. At the same time, SK Hynix was down 2.57% at 1,628,000 won.
In the U.S. market, the weakness in semiconductor stocks weighed on the overall market. On the 24th (local time), the Dow Jones Industrial Average closed at 53,417.16, up 0.26% from the previous day. In contrast, the S&P 500 index fell 0.28% to 7,652.86, and the Nasdaq composite dropped 0.76% to 25,980.19. The Philadelphia Semiconductor Index also fell by 2.70%.
The decline in technology stocks added pressure to the indices. Nvidia, which is set to report earnings this week, fell 2.91%, marking its seventh consecutive day of decline. Micron dropped 5.83%, AMD fell 3.49%, and Broadcom decreased by 2.63%.
On this day, the KOSPI is expected to show a mixed trend, balancing the pressure from the weakness in U.S. semiconductor stocks and the perception of excessive declines the previous day. Han Ji-young, a researcher at Kiwoom Securities, noted, "Despite the sharp drop in the KOSPI the previous day, there were 579 rising stocks, more than double the 286 declining stocks," adding, "Today, the domestic market is likely to attempt a recovery, supported by the perception that the adjustment in U.S. semiconductor stocks has been priced in, along with falling interest rates and oil prices, and the influx of bargain buying in semiconductor stocks."
He further analyzed that, unlike before, the upward trend is spreading across various sectors, and the concentration in a few sectors is easing, indicating an improvement in the market's resilience and internal strength, which may lead to continued rebounds in the future.
* This article has been translated by AI.
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