Both Markets Turn Lower... KOSPI Down 0.5%, KOSDAQ Down 1.8%

SK hynix Briefly Drops Nearly 5%

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On the morning of August 7, both the KOSPI and KOSDAQ indices are on a downward trend. The overall market sentiment is being weighed down as SK hynix, the second-largest company by market capitalization, is dropping by nearly 5% again, following a significant decline the previous day.

As of 10:25 a.m., the KOSPI stood at 6,206.47, down 1.43% from the previous day. This contrasts sharply with the market’s early opening, when the index had jumped over 1%.

Foreign investors, who were net buying more than 200 billion won in the early session, have turned to net sellers. They offloaded a net 16.2 billion won, while individual investors also sold a net 209.8 billion won. Only institutions are net buyers, with a net purchase of 251.6 billion won.

Most sectors are declining. Several industries saw drops of over 1%, including construction (-3.31%), metals (-2.34%), securities (-2.02%), machinery and equipment (-1.86%), IT services (-1.84%), insurance (-1.78%), medical and precision equipment (-1.74%), and electricity and gas (-1.50%). On the other hand, food, beverages and tobacco (2.27%), and chemicals (1.95%) posted gains.

Among the top 10 companies by market capitalization, Samsung Life Insurance (-4.3%), SK hynix (-3.7%), SK Square (-1.8%), and Hyundai Motor (-1.6%) saw declines. Meanwhile, Samsung Electro-Mechanics (3.0%), KB Financial Group (2.5%), Hanwha Aerospace (2.1%), LG Energy Solution (2.0%), and Samsung Electronics (1.5%) recorded increases.

At the same time, the KOSDAQ index was down 2.31% from the previous day at 783.15. At one point, it even slid to 780.95, marking a 2.58% drop compared to the previous day.

Heavy selling by both foreign investors and institutions appears to be dragging the index down. They recorded net sales of 188.4 billion won and 55.1 billion won, respectively. Only individual investors are net buyers, with purchases totaling 237.4 billion won.

Nearly all sectors are falling. Several groups posted declines of over 1%, including machinery and equipment (-4.20%), nonmetals (-2.32%), general services (-2.23%), manufacturing (2.13%), and electrical and electronics (-1.78%). Paper and wood products (6.97%) and food, beverages and tobacco (0.97%) rose.

Most of the top 10 companies by market capitalization on the KOSDAQ are also declining. The biggest drops were seen in Rainbow Robotics (-6.6%), Wonik IPS (-4.8%), Jusung Engineering (-3.9%), Leeno Industrial (-2.6%), ABL Bio (-1.8%), and Alteogen (-1.3%). Only HLB (1.8%) and Pharmaresearch (0.3%) saw gains.

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