KOSPI Falls Back Below 6,800... Samsung Electronics Drops 6% Despite Shareholder Return Plan

Large-cap Stocks Such as Samsung Electronics Weaken
KOSDAQ Rises Around 1%

The KOSPI index started off weaker in early trading on August 24. Notably, Samsung Electronics, which announced the largest-ever shareholder return policy on the 21st, is declining as it failed to meet market expectations.

As of 9:30 a.m. on the same day, the KOSPI index was trading at 6,784.82, down 128.1 points (1.85%) from the previous trading day. The index opened at 6,881.07, 31.88 points (0.46%) lower than the previous trading day and subsequently extended its losses. Foreign investors and institutions are net sellers at 845.2 billion won and 257.8 billion won, respectively. On the other hand, individual investors are net buyers, absorbing 956.8 billion won of shares on their own.

By sector, insurance (-5.19%), retail (-4.15%), electrical & electronics (-3.19%), and manufacturing (-2.18%) were showing significant declines. Meanwhile, metal (4.63%), transport & storage (4.14%), chemicals (3.04%), IT services (2.03%), telecommunications (1.73%), pharmaceuticals (1.71%), and entertainment & culture (1.69%) were attracting buying and showing upward momentum.

On the 24th, employees are monitoring the stock market and exchange rates in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. Photo by Jo Yongjun

Among the KOSPI large-cap stocks, Samsung Life Insurance (-8.83%), Samsung Electronics Preferred (-8.65%), Samsung C&T (-7.46%), Samsung Electronics (-6.75%), SK Square (-3.12%), SK Inc. (-1.88%), KB Financial Group (-1.77%), Doosan Enerbility (-1.36%), and Samsung Electro-Mechanics (-1.06%) were declining. In contrast, Samsung SDI (7.32%), LG Energy Solution (3.64%), Hanwha Aerospace (2.95%), Celltrion (1.51%), and Samsung Biologics (1.16%) were rising.

At the same time, the KOSDAQ index was up 8.33 points (1.04%) from the previous trading day at 810.27. The index had started at 804.27, up 2.33 points (0.29%) from the previous day, and continued to expand its gains. Foreign investors are, alone, net buyers at 38 billion won. Institutions and individual investors are net sellers at 17.8 billion won and 14.5 billion won, respectively.

Among the top KOSDAQ market cap stocks, Ecopro (6.00%), EcoproBM (5.97%), Pharmaresearch (4.37%), Silicon Two (3.99%), Simmtech (3.81%), and HLB (1.68%) were showing gains. Conversely, EO Technics (-3.09%), Rainbow Robotics (-2.75%), Wonik IPS (-2.64%), Jusung Engineering (-2.19%), Robotis (-1.97%), and ISC (-1.62%) were showing declines.

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