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KOSPI Falls Below 2600... Semiconductor Stocks Plummet Amid Nvidia's Sharp Decline

On the 28th, the domestic stock market is falling across the board due to negative factors from the U.S., including a sharp drop in Nvidia.


As of 9:23 a.m., the KOSPI was trading at 2,574.45, down 47.30 points (1.81%) from the previous session. The index opened at 2,585.61, down 36.14 points (1.38%). Foreigners and institutions sold 189.1 billion KRW and 111.2 billion KRW respectively, while individuals were net buyers with 287.7 billion KRW.


KOSPI Falls Below 2600... Semiconductor Stocks Plummet Amid Nvidia's Sharp Decline Yonhap News

Most of the top market capitalization stocks are in decline. In particular, Doosan (-6.06%), Hanmi Semiconductor (-5.80%), HD Hyundai Electric (-5.30%), EcoProMati (-4.77%), and SK Hynix (-3.97%) have seen significant drops. However, Hanwha Ocean (1.35%) and Hyundai Rotem (1.33%) are holding up well.


By sector, electrical equipment (-3.78%), display panels (-2.60%), conglomerates (-2.49%), semiconductors (-2.43%), and non-ferrous metals (-2.42%) are declining. Only media (0.66%) and telecommunications services (0.29%) sectors are showing slight gains.


At the same time, the KOSDAQ was trading at 758.38, down 12.44 points (1.61%). The index opened at 760.10, down 10.75 points (1.39%). Foreigners and institutions were net sellers of 48.6 billion KRW and 19.3 billion KRW respectively, while individuals alone bought 70.7 billion KRW worth of shares.


KOSPI Falls Below 2600... Semiconductor Stocks Plummet Amid Nvidia's Sharp Decline

Among the top market capitalization stocks, Rainbow Robotics (-5.61%), Techwing (-5.52%), Classys (-5.50%), Hyzen R&M (-4.89%), and PSK Holdings (-4.80%) are declining. On the other hand, entertainment stocks such as Seegene (5.06%), Dear U (3.22%), YG Entertainment (3.07%), SM (2.25%), and JYP Ent. (1.18%) are rising.


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