The KOSPI and KOSDAQ indexes are expanding their declines as profit-taking sales emerge following a short-term surge on the 26th.
As of 11:21 a.m. on that day, the KOSPI index is recording 3049.40, down 59.80 points (1.92%) from the previous trading day. The index started at 3108.34, up 0.09 points (0.0%) from the day before, but is increasing its decline.
Foreign investors and institutional investors are dragging down the index with net sales of 187.9 billion won and 386.7 billion won, respectively. Individual investors are showing a buying advantage of 581.7 billion won alone. In the KOSPI 200 futures market, foreigners are also selling off 497.4 billion won.
In the securities market, stocks related to high bandwidth memory (HBM) are rising on the back of Micron's strong performance and Nvidia's record-high prices. The representative stock, SK hynix, is up 2.62%, continuing its rally to a record high. HANMI Semiconductor, ISU PETASYS, and Hanwha Vision are also generally strong. In contrast, Samsung Electronics is down 1.71%.
The declines in internet-related stocks such as NAVER, Kakao, and LG CNS are also widening. KakaoBank, DOUZONE, and Shinsegae I&C, tied to the Korean won stablecoin, are plummeting.
At the same time, the KOSDAQ index is recording 782.30, down 15.91 points (1.99%) from the previous trading day. The index started the session at 799.21, up 1.0 points (0.13%) compared to the previous session.
In the KOSDAQ market, foreign investors and institutional investors are net selling 171.6 billion won and 38.1 billion won, respectively. Individual investors are net buying 215.1 billion won.
Among the top market capitalization stocks, most, including Alteogen, ECOPRO BM, Ecopro, HLB, and Rainbow Robotics, are declining. In the KOSDAQ market, stocks like Hecto Financial and ME2ON, which are stablecoin theme stocks, are also weak.