On the first trading day after the Korean holiday, the KOSPI index showed weakness, with Samsung Electronics and SK Hynix both declining.
According to the Korea Exchange, as of 9:31 a.m., Samsung Electronics was trading at 260,250 won, down 0.76% from the previous trading day.
SK Hynix also saw a drop of 2.08%, trading at 1,644,500 won.
The sharp decline was attributed to external negative factors that emerged during the Korean stock market's closure. Reports of renewed U.S. attacks on Iran, rising government bond yields, and a surge in international oil prices, along with news that OpenAI's annual revenue fell short of expectations, contributed to a 3.39% drop in the Philadelphia Semiconductor Index on October 8 and a further decline of 0.41% on October 9 in the New York stock market.
Currently, in the securities market, foreign investors are net sellers, offloading 245.1 billion won, while individuals and institutions are net buyers, purchasing 63.5 billion won and 144.2 billion won, respectively.
In the KOSPI electric and electronics sector, foreign investors are also net sellers, with a 223 billion won sell-off, while individuals and institutions are net buyers, acquiring 101 billion won and 86.5 billion won, respectively. Other corporations have made a net purchase of 33.9 billion won in the KOSPI electric and electronics sector.
* This article has been translated by AI.
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