KOSPI in a single day 4% decline · Sidecar triggered for the third straight day
10~11day, KOSPI fell in a single day after a sharp rebound the previous day, 4% to trigger a sidecar for the third straight day. With caution rising ahead of the US consumer price index and Oracle’s earnings, expectations for fab expansion by Samjeonnics and UBS’s mention of semiconductor equipment stocks drove gains and losses in individual stocks.
10and 11day, KOSPI showed significant volatility. After a sharp rebound the previous day, the index fell in a single day by more than 4%. Amid this movement, the sidecar, a trading restriction mechanism, was triggered for the third straight day.
Caution took hold in the market ahead of the release of the US consumer price index and Oracle’s earnings. The scheduled inflation data and corporate earnings were identified as key variables for short-term trading. As a result, investor sentiment shifted rapidly.
Individual semiconductor-related stocks saw substantial gains and losses. As expectations continued for benefits from Samjeonnics’ fab expansion, Juseong Eng and EO Technics posted strong gains. In contrast, Samjeonnics’ own share price performed poorly that day.
Opinions from global institutions also acted as a market variable. In the process of issuing its assessment of Micron, UBS this time singled out semiconductor equipment stocks. UBS’s comments drew attention to equipment-related stocks.
A sidecar is a system that restricts buy orders in program trading when certain criteria are met. The system was designed to mitigate sharp price fluctuations. This week, as volatility continued, the system was triggered repeatedly.
By stock, growth expectations and earnings and indicator risks acted simultaneously. Investors repeatedly bought and sold in response to short-term events. 10~11The trend shows sharp short-term fluctuations driven by short-term catalysts.
Sources: 매일경제 증권
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