Nasdaq 2% decline sends Samsung Electronics 4% and SK hynix 3% lower
As the U.S. Nasdaq fell 2%, 11Samsung Electronics fell 4% in early trading, while SK hynix started 3% lower. The top 1% of investors focused their buying on Samsung Electronics, and the shift of retail Korean investors' funds from the S&P500to the Nasdaq widened the differences in returns by investor.
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11South Korean stocks open under the influence of volatility in global markets. The U.S. Nasdaq fell 2%. Volatility had increased even before the market opened in Korea.
In early trading, Samsung Electronics fell 4%. SK hynix began trading 3% lower. The declines in both stocks occurred alongside weakness across the semiconductor sector.
In premarket trading, Samsung Electronics and SK hynix also recorded declines of around 5%. As a result, some investors appear to have revised their orders or responded conservatively. A period of higher-than-usual trading volume was observed.
Among the investors with the highest returns in the market, 1% investors were reported to have concentrated their purchases in Samsung Electronics. Among individual investors, cases were identified of funds being moved from S&P500to Nasdaq. As a result, cases were also reported in which the difference in returns between investors widened by as much as 2times.
Nasdaq 2% Despite the sharp decline, opinions were voiced that diversified investment should be maintained. Some market participants warned of the risks of sector concentration. The trading trends of institutions and individuals differed.
Meanwhile, regarding the semiconductor plant in the Honam region, some have pointed out that it is not something to celebrate unreservedly. Observations have emerged that issues surrounding the plant are affecting share prices and investor sentiment. Investors were advised to check the relevant disclosures and changes in the schedule.