The KOSPI index continued its downward trend on August 6, triggering a sell-side car as losses widened. In contrast, the KOSDAQ managed to reverse its fortunes, successfully recovering above the 800 mark.
According to the Korea Exchange, as of 1:20 PM, the KOSPI was down 305.12 points (4.62%) at 6293.57. The index opened at 6478.75, down 119.51 points (1.81%), and continued to decline. A sell-side car was activated around 10:18 AM, marking the 24th instance of such a measure this year.
In the securities market, foreign and institutional investors sold a net 2.94 trillion won and 396.5 billion won, respectively. Meanwhile, individual investors purchased a net 3.24 trillion won, absorbing the selling pressure.
Most of the top stocks by market capitalization on the KOSPI were in the red. SK Square (-11.44%), SK Hynix (-9.29%), Samsung Electro-Mechanics (-8.19%), Samsung Electronics (-5.89%), Samsung C&T (-4.46%), Samsung Life Insurance (-3.57%), Hyundai Motor (-1.24%), HD Hyundai Heavy Industries (-0.98%), and KB Financial (-0.06%) all saw declines. Conversely, Hanwha Aerospace (5.46%), Samsung Biologics (0.94%), and LG Energy Solution (0.60%) experienced gains.
At the same time, the KOSDAQ recorded a rise of 2.29 points (0.29%) to reach 801.88. The index opened at 797.44, down 2.15 points (0.27%), but successfully turned upward to surpass the 800 mark.
In the KOSDAQ market, individual and institutional investors were net buyers, purchasing 225.3 billion won and 72 billion won, respectively, while foreign investors sold a net 292.6 billion won.
Most of the top stocks by market capitalization on the KOSDAQ showed upward trends. IOTech (5.96%), Alteogen (5.05%), ABL Bio (4.11%), Rainbow Robotics (2.79%), EcoPro (1.82%), Rino Industrial (1.35%), EcoPro BM (0.88%), and HLB (0.57%) all gained. In contrast, Wonik IPS (-3.28%) and Juseong Engineering (-2.52%) declined.
Kang Jin-hyuk, a researcher at Shinhan Investment Corp, stated, "Despite a stable macro environment, volatility continues, particularly among semiconductor stocks, leading to the activation of a sell-side car in the securities market. The KOSDAQ, benefiting from recent gains, is maintaining a relatively strong trend compared to the KOSPI."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.