KOSPI Declines Narrow, KOSDAQ Reverses to Gain... Samsung Electronics Hits 52-Week Low

[Image source=Yonhap News]

[Asia Economy Reporter Lee Myunghwan] On the afternoon of the 8th, the KOSPI index is narrowing its decline in the market. Although foreigners are selling off more than 300 billion KRW, individuals are supporting the market by buying 400 billion KRW. The KOSDAQ index has successfully reversed to an upward trend.

As of 2 PM on the day, the KOSPI index stands at 2694.05. The KOSPI opened at 2706.64, up 0.40% (10.78 points) from the previous trading day, rising to the 2710 level, but then sharply fell below the 2700 level. It briefly retreated to the mid-2680s in the morning but is recovering the loss. By investor type, individuals alone bought 413.2 billion KRW, while foreigners and institutions sold 330.3 billion KRW and 197.5 billion KRW, respectively.

Among the top market capitalization stocks, Samsung Electronics is trading at 67,900 KRW, down 0.15% (100 KRW) from the previous day. Samsung Electronics fell to 67,700 KRW during the session, repeatedly hitting a 52-week low. Kakao (-3.10%) and Naver (-2.96%) have large declines. SK Hynix (-1.76%), Hyundai Motor (-1.12%), and Samsung Biologics (-0.62%) are also down. On the other hand, LG Energy Solution (0.80%), Samsung SDI (3.43%), and LG Chem (1.35%) are rising.

At the same time, the KOSDAQ index is at 931.12. The KOSDAQ started at 931.98, up 0.43% (4.03 points) from the previous day, but soon turned downward to 925. In the afternoon, it recovered and turned upward again. By investor type, individuals and institutions bought 38.3 billion KRW and 1.3 billion KRW, respectively, while foreigners alone sold 31.1 billion KRW.

By market capitalization, EcoPro BM, which announced a capital increase plan, surged 8.74% (37,600 KRW) to 467,700 KRW, solidifying its position as the KOSDAQ leader. L&F (4.05%), Cheonbo (3.31%), and Studio Dragon (2.91%) also showed significant gains. Other stocks are all declining. Meanwhile, Pearl Abyss fell sharply, down 4.37% (4,500 KRW) to 98,500 KRW. Wemade (-1.77%) and Kakao Games (-0.66%) among game stocks are generally weak.

Seo Sangyoung, a researcher at Mirae Asset Securities, said, "The U.S. stock market is shifting its focus to the earnings season, which is expected to improve overall investor sentiment," but added, "Anxiety remains, so sector differentiation will proceed rather than index movement."

This content was produced with the assistance of AI translation services.