KOSPI Slips to 5,500 Range in Early Trading Amid Semiconductor Share Drop; Samsung Electronics and SK Hynix Plunge 5% to 7%

The KOSPI retreated to the 5,500 range in early trading, tumbling more than 3%.

Concerns that stricter regulations on AI data centers would follow the Democratic Party's landslide victory in the U.S. mid-term elections exerted influence on the market.

The KOSPI opened at 5,580, down 1.8% from the previous day (the 4th), and has been showing a decline rate of over 3% as of 10 a.m.

While retail investors are net buyers of over 720 billion won and institutional investors are buying over 100 billion won, foreign investors are dragging down the index by offloading more than 860 billion won in shares.

As leading semiconductor stocks Samsung Electronics and SK Hynix drop more than 5% and 7% respectively, shares such as Samsung Biologics, Hyundai Motor, and KB Financial are rising in the 1% and 3% to 4% ranges.

Just as U.S. semiconductor stocks declined while financial and consumer-related sectors showed strength in the U.S. stock market, buying sentiment in the domestic market appears to be diversifying into non-semiconductor sectors.

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.