KOSPI 8000line surrendered, Samsung's combined market capitalization 2,000surpasses trillion
The KOSPI 5 month 28 saw losses widen, and it 8000line. Samsung Electronics' combined market capitalization 2,000surpassed trillion, while SK hynix joined the 1dollar club. Foreign investors continued their selling streak for 14consecutive trading sessions.
5 month 28 day, the KOSPI extended its losses and surrendered the 8000line. The index fell by 3% or more, and weakness continued during the session. Trading value was broadly elevated.
At the start of the session, it 62.97 points lower, opening at 8,165.73. Losses widened after the open, and individual stocks were highly volatile. Selling dominated during the session.
The previous day, 5 month 27 day, the index 181.19 points higher and closed at 8,228.70. The index appeared to settle above the 8,200line. Despite the day's gains, performance differed across sectors.
Foreign investors 14recorded consecutive sessions of selling. Their net selling weighed on supply and demand. Trading patterns differed between institutions and individual investors.
Among sectors, only semiconductors showed relative strength. Even on the same day, individual stocks 10out of 9fell, among other divergent moves, highlighting wide differences between stocks. Large-cap and small- and mid-cap stocks moved in opposite directions.
Samsung Electronics' combined market capitalization 2,000surpassed the trillion mark. SK hynix 1joined the trillion-dollar club. The increase in the two companies' market capitalizations reflects a market-cap structure centered on semiconductors.
After the market closed, earnings for the next quarter and results schedules for major companies were still on the calendar. Investors' attention remained focused on earnings announcements and supply-and-demand trends. Volatility is expected to increase depending on upcoming events.