The KOSPI index is declining despite individual investors making net purchases. Ongoing concerns about the weakening leadership of semiconductor stocks are leading to sector differentiation.
According to the Korea Exchange, as of 9:03 a.m. on September 15, the KOSPI was down 15.29 points (0.23%) at 6,669.08. The index started lower and has maintained its downward trend. Individual investors bought a net 117.3 billion won, while foreign and institutional investors sold a net 98.9 billion won and 23.2 billion won, respectively.
Among the top market capitalization stocks, Samsung Electronics rose 0.20%, and SK Hynix increased by 0.18%. Other gainers included Samsung Electronics Preferred (0.82%), SK Square (0.80%), and LG Energy Solution (0.14%). Conversely, Samsung Electro-Mechanics (-0.75%), Hyundai Motor (-0.67%), Samsung Biologics (-0.28%), KB Financial (-2.64%), and Samsung Life (-1.34%) saw declines.
At the same time, the KOSDAQ index was trading at 809.85, up 3.06 points (0.38%) from the previous trading day. Individual investors net bought 10.6 billion won, while foreign and institutional investors sold a net 9.5 billion won and 1.6 billion won, respectively. Stocks such as Alteogen (2.31%), EcoPro (0.25%), EcoPro BM (0.48%), JUSUNG Engineering (0.49%), Rainbow Robotics (0.48%), IOTech (1.52%), and Roboteers (3.24%) experienced gains. In contrast, Wonik IPS (-1.18%) and Rino Technology (-0.31%) faced losses.
Market analysts suggest that concerns over the pace of artificial intelligence (AI) development could increase volatility in the stock market this week, but they advise against panic selling.
Han Ji-young, a researcher at Kiwoom Securities, stated, "Even if volatility increases due to the AI pace adjustment issue this week, the benefits of panic selling are likely to be minimal. It may be more prudent to maintain existing positions or diversify into sectors such as banking, insurance, and holding companies, which have relatively lower beta compared to the KOSPI and semiconductor stocks and offer defensive returns."
* This article has been translated by AI.
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