▲ Employees work at the dealing room of Hana Bank in Jung-gu, Seoul, on the 7th, as the KOSPI fell more than 2% in early trading to drop to the 7,800 level.
On the 7th, the KOSPI fell more than 3%, giving up the 8,000 level and sliding into the 7,700 range.
As of 9:18 a.m. today (the 7th), the KOSPI stood at 7,776.00, down 275.33 points from the previous day.
The decline later widened to the 4% range.
The index opened at 7,919.20, down 132.13 points from the previous session, and continued to extend its losses.
In the Seoul foreign exchange market, the won-dollar exchange rate is currently at 1,529.30 won.
In the KOSPI market, foreign investors were net sellers of 342.1 billion won, marking their 13th consecutive trading day of selling as of today.
Institutional investors were also net sellers, with a net selling volume of 30 billion won.
Individual investors were net buyers of 384.6 billion won, standing alone in supporting the index.
Foreign investors were also net sellers in the KOSPI 200 futures market, with a net selling volume of 29.7 billion won.
In contrast, individual and institutional investors were net buyers of 26.5 billion won and 7.3 billion won, respectively.
Overnight, the three major U.S. stock indices closed higher as bargain hunting for AI and semiconductor stocks flowed into the New York market.
The Dow Jones Industrial Average rose 0.29% from the previous session, surpassing 53,000 for the first time in history.
The S&P 500 index and the Nasdaq Composite index rose 0.72% and 1.12%, respectively.
However, the domestic stock market opened lower and continued to decline today, despite Samsung Electronics' second-quarter earnings announcement.
Samsung Electronics announced today that its operating profit (preliminary) for the second quarter reached 89.4 trillion won, an increase of 1,810% compared to the previous year.
This figure exceeded the market consensus of 84.1606 trillion won.
Samsung Electronics' second-quarter revenue was 171 trillion won, marking the third consecutive quarter of record-high performance in both revenue and operating profit since the fourth quarter of last year.
Despite this, the two leading domestic semiconductor stocks are falling together.
Samsung Electronics recorded a decline in the 5-6% range, losing the 300,000 won mark.
It opened 3.46% lower and fell to as low as 298,000 won in early trading.
SK Hynix also fell 2.69% to 2.28 million won.
After opening 2.30% lower, it fell as much as 3.84% to 2.253 million won at one point.
LG Energy Solution, whose second-quarter earnings fell short of market expectations, is down 3.81%, and Hanwha Ocean, which was not selected for Canada's next-generation submarine project, is plummeting by 21.53%.
Most of the top market-cap stocks, including SK Square (-3.55%), Samsung Electro-Mechanics (-0.77%), Hyundai Motor (-4.48%), Samsung Life Insurance (-3.68%), and Samsung C&T (-3.11%), are currently weak.
Only a few, such as KB Financial Group (1.23%), Samsung Fire & Marine Insurance (0.15%), and LG Innotek (0.35%), are rising.
By sector, the declines in transportation equipment and parts (-6.12%), electrical and electronics (-3.61%), and manufacturing (-3.51%) are notable.
Entertainment and culture (3.47%), paper and wood (1.87%), and IT services (1.39%) are rising despite the bearish market.
At the same time, the KOSDAQ index is at 852.69, up 5.62 points (0.66%) from the previous day.
The KOSDAQ index opened at 843.74, down 3.33 points (0.39%), but turned to an upward trend in early trading and is continuing to rise.
In the KOSDAQ market, foreign and institutional investors are net buyers of 16 billion won and 62.9 billion won, respectively.
Individual investors are showing a net selling of 78 billion won.
Many of the top market-cap stocks in the KOSDAQ market, such as Alteogen (4.23%), EcoPro BM (1.97%), EcoPro (2.81%), Rainbow Robotics (2.50%), and Jusung Engineering (5.01%), are rising.
Some, such as Wonik IPS (-0.40%), Leeno Industrial (-0.80%), and Jeju Semiconductor (-0.78%), are falling slightly.
(Photo: Yonhap News)
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