The KOSPI index fell below 6,400 for the first time in two months, marking its fourth consecutive day of losses. Major semiconductor stocks, including Samsung Electronics and SK Hynix, saw declines of over 4%, contributing to the overall drop. While individual investors were net buyers, foreign and institutional investors continued to sell.
On October 12, the KOSPI closed at 6,384.24, down 241.69 points (3.65%) from the previous trading day. The index experienced a decline of over 2% in the morning before dropping further to the 6,300 level in the afternoon.
In the securities market, foreign and institutional investors sold a net 25.139 trillion won and 1.524 trillion won, respectively, while individuals purchased a net 2.092 trillion won.
Foreign investors sold 919 billion won worth of SK Hynix and 461.7 billion won worth of Samsung Electronics. Institutions sold 1.3648 trillion won of Samsung Electronics and 213 billion won of SK Hynix.
Most of the top market capitalization stocks also declined. Samsung Electronics fell 4.39%, SK Hynix dropped 4.52%, SK Square decreased by 6.29%, Samsung Electro-Mechanics was down 3.82%, Hyundai Motor fell 1.39%, and LG Energy Solution decreased by 0.75%.
The KOSDAQ index also closed lower, down 43.08 points (4.83%) at 849.19.
In the KOSDAQ market, individual investors were net buyers of 273 billion won, while foreign and institutional investors sold a net 465 billion won and 2.278 trillion won, respectively.
Foreign investors sold 269 billion won of EcoPro and 228 billion won of EcoPro BM, while institutions sold 431 billion won of Wonik IPS and 359 billion won of EO Technics.
Most of the top KOSDAQ stocks also showed weakness. EcoPro BM fell 7.29%, JUSUNG Engineering dropped 5.98%, Simtek decreased by 7.93%, Wonik IPS was down 3.89%, and Rino Technology fell 10.81%.
Lee Kyung-min, a researcher at Daishin Securities, noted, "Reports indicating OpenAI's annualized revenue at around $50 billion have dampened investor sentiment in AI. Additionally, the end of net buying by other corporations due to Samsung Electronics' stock buyback has weakened the index's support."
Han Ji-young, a researcher at Kiwoom Securities, analyzed, "As major semiconductor stocks take a breather, profit-taking in KOSDAQ and related small and medium-sized firms has likely contributed to today's sharp decline."
On October 12, the KOSPI closed at 6,384.24, down 241.69 points (3.65%) from the previous trading day. The index experienced a decline of over 2% in the morning before dropping further to the 6,300 level in the afternoon.
In the securities market, foreign and institutional investors sold a net 25.139 trillion won and 1.524 trillion won, respectively, while individuals purchased a net 2.092 trillion won.
Foreign investors sold 919 billion won worth of SK Hynix and 461.7 billion won worth of Samsung Electronics. Institutions sold 1.3648 trillion won of Samsung Electronics and 213 billion won of SK Hynix.
Most of the top market capitalization stocks also declined. Samsung Electronics fell 4.39%, SK Hynix dropped 4.52%, SK Square decreased by 6.29%, Samsung Electro-Mechanics was down 3.82%, Hyundai Motor fell 1.39%, and LG Energy Solution decreased by 0.75%.
The KOSDAQ index also closed lower, down 43.08 points (4.83%) at 849.19.
In the KOSDAQ market, individual investors were net buyers of 273 billion won, while foreign and institutional investors sold a net 465 billion won and 2.278 trillion won, respectively.
Foreign investors sold 269 billion won of EcoPro and 228 billion won of EcoPro BM, while institutions sold 431 billion won of Wonik IPS and 359 billion won of EO Technics.
Most of the top KOSDAQ stocks also showed weakness. EcoPro BM fell 7.29%, JUSUNG Engineering dropped 5.98%, Simtek decreased by 7.93%, Wonik IPS was down 3.89%, and Rino Technology fell 10.81%.
Lee Kyung-min, a researcher at Daishin Securities, noted, "Reports indicating OpenAI's annualized revenue at around $50 billion have dampened investor sentiment in AI. Additionally, the end of net buying by other corporations due to Samsung Electronics' stock buyback has weakened the index's support."
Han Ji-young, a researcher at Kiwoom Securities, analyzed, "As major semiconductor stocks take a breather, profit-taking in KOSDAQ and related small and medium-sized firms has likely contributed to today's sharp decline."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.