'Foreign and Institutional Selling Pressure' KOSPI Starts Lower... Samsung Electronics Down 0.98%

The domestic stock market started lower on the 8th due to foreign selling pressure. Samsung Electronics, which announced its preliminary Q3 earnings this year, showed weakness as its results fell short of market expectations.

Seoul Jung-gu Hana Bank Dealing Room Photo by Yonhap News

As of 9:30 a.m. that day, the KOSPI was trading at 2,589.32, down 21.06 points (0.81%) from the previous day. The index opened at 2,592.65, down 17.73 points (0.68%). Currently, foreigners sold 131.7 billion KRW worth, and institutions sold 118.8 billion KRW worth. Individuals bought 243.4 billion KRW worth on their own.

Among the top market capitalization stocks, KB Financial Group (0.69%) and LG Chem (0.84%) were rising. Samsung C&T (-2.73%), SK Hynix (-1.57%), Samsung Electronics Preferred (-1.38%), Shinhan Financial Group (-1.26%), Samsung Life Insurance (-1.47%), POSCO Holdings (-1.19%), and POSCO Future M (-1.18%) were declining. In particular, Samsung Electronics (0.98%) showed weakness as its preliminary Q3 earnings fell short of market expectations.

By sector, pharmaceuticals (0.13%) and medical precision instruments (0.09%) were rising. Most sectors, including insurance (-1.88%), distribution (-1.69%), telecommunications (-1.50%), and textiles and apparel (-1.17%), were declining.

On the 7th (local time) in the New York stock market, the Dow Jones Industrial Average, centered on blue-chip stocks, closed at 41,954.24, down 398.51 points (0.94%) from the previous trading day. The S&P 500, focused on large-cap stocks, fell 55.13 points (0.96%) to 5,695.94, and the Nasdaq, centered on technology stocks, dropped 213.95 points (1.18%) to close at 17,923.9.

At the same time, the KOSDAQ index recorded 780.28, down 0.73 points (0.09%) from the previous session. The index opened at 776.37, down 4.64 points (0.59%). Foreigners net sold 34.9 billion KRW worth, while individuals and institutions bought 32.6 billion KRW and 7.1 billion KRW worth, respectively.

Among the top market capitalization stocks, Samchundang Pharmaceutical (5.58%), Voronoi (4.69%), Hugel (2.51%), ST Pharm (1.87%), and Daewoo Electronics Materials (1.30%) were rising. On the other hand, Silicon투 (-2.51%), HPSP (-2.33%), HLB (-2.00%), and Enchem (-1.23%) were declining.

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