The KOSPI index has dropped over 1% due to simultaneous net selling by foreign and institutional investors. Despite major U.S. indices reaching all-time highs on the back of strong third-quarter earnings expectations and easing interest rate concerns, the domestic market is showing weakness as investors adopt a wait-and-see approach ahead of Samsung Electronics' preliminary earnings announcement and concerns about upcoming holidays. The KOSDAQ, which had recovered above 900 the previous day, has also given back some gains, falling over 1%.
As of 1:20 PM on October 7, the KOSPI was down 72.12 points (1.04%) at 6,869.27. The index opened at 6,864.25, down 77.14 points (1.11%) from the previous trading day, before slightly reducing its losses.
In the securities market, foreign and institutional investors have net sold 2.052 trillion won and 639.9 billion won, respectively. In contrast, individual investors have net bought 2.1173 trillion won, providing some support to the index.
Among the top market capitalization stocks, performance has been mixed. Samsung Electronics (-0.09%), SK Hynix (-1.69%), Samsung Electro-Mechanics (-2.39%), Hyundai Motor (-2.80%), Samsung Biologics (-2.52%), and Samsung Life Insurance (-0.35%) are all showing declines. Conversely, SK Square (0.34%), LG Energy Solution (0.71%), and KB Financial (1.02%) are experiencing gains.
The KOSDAQ index is also in decline. At the same time, the KOSDAQ index was trading at 904.44, down 15.48 points (1.68%) from the previous trading day. It opened at 917.45, down 2.47 points (0.27%).
In the KOSDAQ market, foreign and institutional investors have net sold 371.1 billion won and 117.7 billion won, while individuals have net bought 513.1 billion won.
Most of the top market capitalization stocks are also showing weakness. While Rino Industry (0.12%) has seen a slight increase, Alteogen (-0.19%), EcoPro (-2.20%), EcoPro BM (-2.48%), Juseong Engineering (-7.90%), Rainbow Robotics (-3.11%), Simtech (-2.63%), Wonik IPS (-5.80%), IOTechniques (-4.78%), and HLB (-3.80%) are all declining.
* This article has been translated by AI.
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