The KOSPI and KOSDAQ are experiencing declines in early trading due to uncertainties stemming from the Middle East conflict.
As of 9 a.m. on October 12, the KOSPI is down 47.76 points (0.72%) at 6578.17 compared to the previous trading day.
In the securities market, foreign and institutional investors are net sellers, offloading 161.4 billion won and 11.1 billion won, respectively, while individual investors are net buyers, purchasing 166.4 billion won.
Large-cap stocks are mixed. Samsung Electronics is down 0.76%, SK Hynix is down 2.38%, SK Square is down 4.95%, and Samsung Biologics is down 0.98%. Conversely, LG Energy Solution is up 2.74% and Samsung Electro-Mechanics is up 1.1%.
At the same time, the KOSDAQ index has fallen 6.74 points (0.98%) to 883.55.
In the KOSDAQ market, individual investors are net buyers of 41.4 billion won, while foreign and institutional investors are net sellers of 36.3 billion won and 2.6 billion won, respectively.
Most large-cap stocks are struggling. EcoPro BM is down 1.79%, JUSUNG Engineering is down 2.06%, Simtek is down 0.98%, Wonik IPS is down 1.27%, and Rino Technology is down 6.48%.
However, a positive note comes from the U.S. stock market, which closed higher on October 9, driven by a rebound in tech stocks and expectations for increased supply of Russian diesel. The Dow Jones Industrial Average rose 423.31 points (0.83%) to close at 51,654.95. The S&P 500 gained 46.18 points (0.59%) to finish at 7,811.54, while the Nasdaq Composite increased by 172.83 points (0.64%) to end at 27,366.17.
Han Ji-young, a researcher at Kiwoom Securities, stated, "From this week, it is crucial to observe how much analysts can raise their earnings estimates for Samsung Electronics and SK Hynix for 2027, as well as the overall upward revision strength for KOSPI earnings. The estimated operating profit for Samsung Electronics next year is 9 trillion won, while the overall KOSPI operating profit estimate has been raised to around 20 trillion won. This movement contributes to downward rigidity in the market."
As of 9 a.m. on October 12, the KOSPI is down 47.76 points (0.72%) at 6578.17 compared to the previous trading day.
In the securities market, foreign and institutional investors are net sellers, offloading 161.4 billion won and 11.1 billion won, respectively, while individual investors are net buyers, purchasing 166.4 billion won.
Large-cap stocks are mixed. Samsung Electronics is down 0.76%, SK Hynix is down 2.38%, SK Square is down 4.95%, and Samsung Biologics is down 0.98%. Conversely, LG Energy Solution is up 2.74% and Samsung Electro-Mechanics is up 1.1%.
At the same time, the KOSDAQ index has fallen 6.74 points (0.98%) to 883.55.
In the KOSDAQ market, individual investors are net buyers of 41.4 billion won, while foreign and institutional investors are net sellers of 36.3 billion won and 2.6 billion won, respectively.
Most large-cap stocks are struggling. EcoPro BM is down 1.79%, JUSUNG Engineering is down 2.06%, Simtek is down 0.98%, Wonik IPS is down 1.27%, and Rino Technology is down 6.48%.
However, a positive note comes from the U.S. stock market, which closed higher on October 9, driven by a rebound in tech stocks and expectations for increased supply of Russian diesel. The Dow Jones Industrial Average rose 423.31 points (0.83%) to close at 51,654.95. The S&P 500 gained 46.18 points (0.59%) to finish at 7,811.54, while the Nasdaq Composite increased by 172.83 points (0.64%) to end at 27,366.17.
Han Ji-young, a researcher at Kiwoom Securities, stated, "From this week, it is crucial to observe how much analysts can raise their earnings estimates for Samsung Electronics and SK Hynix for 2027, as well as the overall upward revision strength for KOSPI earnings. The estimated operating profit for Samsung Electronics next year is 9 trillion won, while the overall KOSPI operating profit estimate has been raised to around 20 trillion won. This movement contributes to downward rigidity in the market."
* This article has been translated by AI.
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