[Market ING] KOSPI Fails to Hold 4,100 Level, Focus Shifts to Nvidia Earnings

This month, the KOSPI, which had shown sluggish performance amid increased volatility, appeared to regain its upward momentum by recovering most of its losses from the previous week. However, on November 14, it experienced a sharp decline and failed to hold the 4,100-point level. The retreat in expectations for an interest rate cut and concerns about an overvaluation of artificial intelligence (AI) stocks are contributing to the increased volatility in the KOSPI. The market is expected to closely monitor Nvidia's earnings announcement scheduled for this week. Last week, the KOSPI rose by 1.46% and the KOSDAQ by 2.41%, respectively. The KOSPI continued its upward trend last week, recovering the previous week's losses, but ended the week below the 4,100 mark after another sharp drop on November 14. Kang Jin-hyuk, a researcher at Shinhan Investment Corp., explained, "On November 14, the KOSPI fell by 3.8% and the KOSDAQ by 2.2%. Although the U.S. government shutdown (temporary suspension

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11.16 15:15

KOSPI Plunges Nearly 4% on Heavy Net Selling by Foreign and Institutional Investors, Closes at 4,011

The KOSPI plunged nearly 4% to the 4,011 level as both foreign investors and institutions engaged in net selling. On November 14, the KOSPI closed at 4,011.57, down 159.06 points (3.81%) from the previous trading day. The KOSPI opened at 4,061.91, down 2.61% from the previous session. In the afternoon, intensified net selling by foreign investors widened the index's decline. Ultimately, the KOSPI failed to rebound and ended the session at the 4,011 level. Lim Jeongeun, a researcher at KB Securities, explained, "The sharp drop was due to growing concerns about the artificial intelligence (AI) and semiconductor industries, as expectations for an interest rate cut weakened." She added, "Foreign investors recorded a combined net selling of over 3 trillion won in the spot and futures markets." As of 4:30 p.m., according to integrated investor trading data from KRX and NXT, foreign investors and institutions recorded net sales of 2.8576 trillion won and 1.0044 trillion won, respectively. In

Market Overview

11.14 16:45

KOSDAQ Closes at 897.90, Down 20.47P (2.23%)

Market Overview

11.14 15:34

KOSPI Closes at 4,011.57, Down 159.06 Points (3.81% Decline)

Market Overview

11.14 15:34

KOSPI Falls to 4,060 Level Amid Simultaneous Net Selling by Foreign Investors and Institutions

The KOSPI fell by more than 2% to the 4,060 level due to simultaneous net selling by foreign investors and institutions. As of 10:09 a.m. on November 14, the KOSPI was down 105.36 points (2.53%) from the previous trading day, standing at 4,065.27. The decline in the KOSPI on this day is attributed to the impact of the New York stock market. On November 13 (local time), the Dow Jones Industrial Average closed at 47,457.22, down 797.6 points (1.65%) from the previous session. The S&P 500 also dropped 113.43 points (1.66%) to 6,737.49, and the Nasdaq plummeted 536.102 points (2.29%) to close at 22,870.355. U.S. President Donald Trump signed a temporary budget bill, ending the government shutdown after a record 43 days. However, negative sentiment was fueled by Federal Reserve officials expressing skepticism regarding the possibility of an additional interest rate cut in December. By investor type, foreign investors and institutions recorded net sales of 932.8 billion won and 254.3 billion

Market Overview

11.14 10:12

KOSDAQ Opens at 900.42, Down 17.95P (1.95%↓)

Market Overview

11.14 09:02

KOSPI Opens at 4,061.91, Down 108.72 Points (2.61%↓)

Market Overview

11.14 09:02

Kiwoom: "Uncertainty in U.S. Economic Indicators Remains After Shutdown... Volatility Expected Until December FOMC"

Kiwoom Securities stated on November 14 that even after the U.S. federal government shutdown (temporary suspension of operations) is lifted, uncertainties surrounding economic indicators and monetary policy may persist. The company emphasized the need for caution regarding volatility until the Federal Open Market Committee (FOMC) meeting in December. Yumi Kim, a researcher at Kiwoom Securities, highlighted these points in the report "Weekly Macro: What Should We Watch?" released on the same day. She mentioned the gap in U.S. economic data and the uncertainty of the Federal Reserve's monetary policy. Kim explained, "As the shutdown drags on, the collection of some economic indicators is delayed or data gaps occur, making it difficult to accurately assess the current economic situation." She added, "Additionally, the fact that Federal Reserve officials are expressing divergent views on whether to cut rates in December is also contributing to monetary policy uncertainty." Currently, there

Market Overview

11.14 08:08

[Market Focus] Korea Circuit Rises on Expectations of Continued Earnings Improvement

[Market ING] KOSPI Fails to Hold 4,100 Level, Focus Shifts to Nvidia Earnings

KOSPI Plunges Nearly 4% on Heavy Net Selling by Foreign and Institutional Investors, Closes at 4,011

KOSDAQ Closes at 897.90, Down 20.47P (2.23%)

KOSPI Closes at 4,011.57, Down 159.06 Points (3.81% Decline)

KOSPI Falls to 4,060 Level Amid Simultaneous Net Selling by Foreign Investors and Institutions

KOSDAQ Opens at 900.42, Down 17.95P (1.95%↓)

KOSPI Opens at 4,061.91, Down 108.72 Points (2.61%↓)

Kiwoom: "Uncertainty in U.S. Economic Indicators Remains After Shutdown... Volatility Expected Until December FOMC"

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