Samsung Electronics has dropped more than 4%, leading to a decline in the KOSPI, which is now below the 6800 mark. In contrast, the KOSDAQ is showing gains, buoyed by strong performances in the bio and secondary battery sectors.
As of 9:04 a.m., the KOSPI is down 38.60 points (-0.56%) at 6874.35. While individual investors have net bought 222.7 billion won, foreign and institutional investors have net sold 159.6 billion won and 66.9 billion won, respectively, pulling the index down.
Among large-cap stocks, Samsung Electronics is leading the decline with a 4.62% drop. Samsung Electronics preferred shares fell 7.05%, while other Samsung Group stocks, including Samsung Life (-4.41%) and Samsung C&T (-3.54%), also experienced losses. Samsung Electro-Mechanics is down 0.15%, and Hyundai Motor is down 0.36%.
On the other hand, SK Hynix has risen 2.95%, showing a contrasting trend to Samsung Electronics. LG Energy Solution (0.73%) and Samsung Biologics (0.13%) are also on the rise. Recently, the stock movements of Samsung Electronics and SK Hynix have diverged, indicating a differentiation among major semiconductor stocks.
The KOSDAQ index has increased by 7.17 points (0.89%) to 809.11. Individual and foreign investors have net bought 11.6 billion won and 3.5 billion won, respectively, while institutions have net sold 11.4 billion won.
In the KOSDAQ, EcoPro BM has risen 3.69%, and EcoPro has increased by 3.18%, reflecting strength in the secondary battery sector. Other stocks such as JUSUNG Engineering (1.66%), HLB (0.91%), Rino Technology (0.61%), IO Tech (0.62%), and ABL Bio (0.53%) are also up. Alteogen remains flat, while Rainbow Robotics has decreased by 0.33%.
Han Ji-young, a researcher at Kiwoom Securities, stated, “This week is a super week with major events such as the Jackson Hole meeting and Nvidia's earnings report. The market is expected to engage in active maneuvering as it processes these events. It is also important to note that following SK Hynix, Samsung Electronics has announced a large-scale shareholder return, which is strengthening the downward rigidity of supply and demand in the domestic market, particularly among leading stocks.”
* This article has been translated by AI.
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