Samsung Electronics and SK Hynix Fall Amid Weakness in US Tech Stocks
The KOSPI index fell for the third consecutive day due to negative factors originating from the United States, breaking below the 2800 level.
On the 15th, when the stock market was expected to face adjustment pressure due to the Trump shooting incident, the KOSPI showed a slight fluctuation around the flat line after starting with a rise of more than 10 points. Various indices are displayed on the electronic board in the dealing room at the Seoul Hana Bank headquarters, and the TV is broadcasting news related to the Trump shooting. Photo by Heo Younghan younghan@
On the 19th, the KOSPI index closed at 2795.46, down 28.89 points (1.02%) from the previous day. This decline is attributed to the weakness in technology stocks in the New York stock market, where all three major indices fell.
In the securities market, foreigners and institutions were net sellers with 414.6 billion KRW and 363.7 billion KRW respectively. Individuals were net buyers with 779.8 billion KRW.
Most of the top market capitalization stocks in KOSPI fell. Samsung Electronics (-2.88%) and SK Hynix (-1.41%) both declined despite Nvidia's rebound and TSMC's strong earnings.
On the other hand, secondary battery-related stocks rose. LG Energy Solution (3.13%), POSCO Holdings (1.09%), and Samsung SDI (0.7%) all increased.
The KOSDAQ index rebounded after four trading days. On the day, the KOSDAQ index closed at 828.72, up 6.24 points (0.76%) from the previous day. In the KOSDAQ market, institutions were net buyers with 75.8 billion KRW. Foreigners and individuals were net sellers with 35.5 billion KRW and 38.6 billion KRW respectively.
Secondary battery-related stocks also showed strength in the KOSDAQ market. EcoPro BM (6.48%) and EcoPro (2.14%) rose, along with Alteogen (3.23%), Samchundang Pharm (3.785%), Enchem (6.17%), and Pearl Abyss (1.88%). Meanwhile, HLB (-0.48%), Celltrion Pharm (-0.64%), Lino Industrial (-3.30%), and Classys (-3.00%) declined.
As of 3:30 PM on the day, the USD/KRW exchange rate rose 5 KRW from the previous day to 1386.7 KRW.
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