Secondary Battery and Semiconductor Stocks Weaken... KOSPI Falls in Early Trading

As shares related to secondary batteries and semiconductors deepen their decline, the KOSPI and KOSDAQ indices are continuing their downward trend in early trading.

At 9:15 a.m. on the 27th, the KOSPI stood at 2,570.96, down 0.44% (11.24 points) from the previous trading day. The KOSPI opened at 2,581.02, down 0.05% (1.18 points) from the previous day, and has continued to decline. Looking at investor trends, only individual investors have purchased stocks worth 56.9 billion KRW, while foreigners and institutions sold stocks worth 21.5 billion KRW and 42.2 billion KRW, respectively.

Seo Sang-young, head of the Media Content Division at Mirae Asset Securities, said, “The sharp decline in major tech stocks including Tesla in the U.S. stock market is a burden on the Korean stock market,” adding, “The market’s strong desire for profit-taking is also causing sell-offs, which is negative for the domestic market.”

Most of the top market capitalization stocks are in decline. Semiconductor and secondary battery leaders such as Samsung Electronics (-0.28%), SK Hynix (-0.97%), LG Energy Solution (-0.89%), LG Chem (-0.28%), and Samsung SDI (-0.88%) all showed downward trends. Additionally, Samsung Biologics (-0.66%), Kia (-0.12%), POSCO Holdings (-0.5%), and NAVER (-0.95%) also fell. Hyundai Motor (0.75%) is the only stock continuing its upward trend.

At the same time, the KOSDAQ index stood at 876.29, down 0.36% (3.21 points) from the previous trading day. The index opened at 877.88, down 0.18% (1.62 points) from the previous day, and has maintained its downward trend. Individual investors alone bought stocks worth 90.9 billion KRW, while foreigners and institutions sold stocks worth 76.5 billion KRW and 10.3 billion KRW, respectively.

In the KOSDAQ market, the decline in secondary battery-related stocks is more pronounced. Negative outlooks on Tesla (-6%), an electric vehicle manufacturer, are the reason, causing EcoPro BM (-2.49%), EcoPro (-2.1%), and L&F (-2.79%) to all fall. However, gaming stocks are showing slight gains, with Pearl Abyss (0.39%), Kakao Games (1.02%), and Nexon Games (1.03%) all rising.