'Net Buying Streak' Causes Surge in Individual Investors' Access... Disclosure Site Crashes Amid Flood of Earnings Announcements
[Asia Economy Reporter Lee Seon-ae] The Financial Supervisory Service's electronic disclosure system site has been overwhelmed by individual investors, causing the homepage to crash.
As of 9:50 a.m. on the 28th, the electronic disclosure site (DART) is not opening. DART posted a notice stating, "There are currently too many users, causing delayed responses," and "Please try again shortly." Since 7:30 a.m. that day, continuous site crashes have occurred, with frequent notices appearing. The function to search by company was also unstable, often causing the homepage to fail to load properly.
In particular, this day saw a flood of corporate earnings disclosures from companies including Samsung Electronics and Naver, which is believed to have drawn intense interest from individual and institutional investors seeking to view them.
A Financial Supervisory Service electronic disclosure team official explained, "It appears that a temporary surge in users caused site overload and access disruptions," adding, "We are currently reviewing the situation to provide smooth service."
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Meanwhile, individual investors have continued an unprecedented net buying streak, absorbing massive sell-offs from foreigners and institutions. On the 26th, they net purchased 4.205 trillion won in the KOSPI market and 411.3 billion won in the KOSDAQ market, totaling 4.6166 trillion won across both markets, setting a new record for net buying. The previous record was 4.5793 trillion won, recorded on the 11th, with 4.4921 trillion won in the KOSPI market and 86 billion won in the KOSDAQ market. On the 27th, individual investors' net buying amounted to 1.4281 trillion won. As of 9:58 a.m. on the 28th, despite the KOSPI and KOSDAQ falling by 1.67% and 1.47% respectively, individual investors net purchased 737.7 billion won in the KOSPI market and 77.9 billion won in the KOSDAQ market.
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