As caution grew on the eve of Samsung Electronics' preliminary third-quarter earnings release, the KOSPI slipped below the 6,800 mark. The KOSDAQ fell back below the 900th level in a single day.
On the 7th, the KOSPI closed at 6,803.90, down 137.49 points (1.98%) from the previous day.
Lee Kyung-min, head of the FICC Research Department at Daishin Securities, stated, "The domestic stock market showed weakness again amid rising international oil prices and U.S. Treasury yields." He added, "With a wait-and-see mood prevailing ahead of Samsung Electronics' preliminary earnings release, foreign investors and institutional investors both made net sales."
He further noted, "In addition, LG Electronics recorded an operating profit of 781.8 billion won in the third quarter, with its operating profit falling 24.8% below expectations." He added, "This heightened caution regarding earnings ahead of Samsung Electronics' preliminary earnings release scheduled for the 8th."
In the KOSPI market, foreign investors and institutional investors made net sales of 2.6087 trillion won and 672.6 billion won, respectively. Retail investors made net purchases of 2.5608 trillion won.
Among KOSPI sectors, metals fell by 4.14%, and transportation equipment and parts dropped by 3.54%. Machinery and equipment, manufacturing, and securities slid by more than 2%. Medical and precision instruments surged by 5.86%, while entertainment and culture rose by 3.95%. Textiles and apparel, as well as food, beverages, and tobacco, also increased by more than 1%.
Among top market capitalization stocks, Samsung Electronics fluctuated throughout the day before closing down 1.29%. SK Hynix fell by 2.82%. Samsung Electro-Mechanics and Hanwha Aerospace dropped in the 4th% range. LG Electronics, which recorded an earnings shock, plunged by 10.54%. In contrast, KB Financial Group, Celltrion, and LG Energy Solution closed with slight gains.
The KOSDAQ fell 21.49 points (2.34%) from the previous day to close at 898.43.
In the KOSDAQ market, foreign investors and institutional investors made net sales of 265.1 billion won and 216.1 billion won, respectively. Retail investors made net purchases of 503.6 billion won.
Among KOSDAQ sectors, machinery and equipment fell by 4.87%. Transportation equipment and parts, as well as financials, declined in the 3rd% range, while electrical and electronic products and manufacturing showed drops in the 2nd% range. Entertainment and culture rose by 1.66%, and pharmaceuticals, along with food, beverages, and tobacco, closed with slight gains.
Most of the top market capitalization stocks on the KOSDAQ declined. Jusung Engineering plunged by 11.13%. Wonik IPS showed weakness, falling by 7.22%. Eugene Technology dropped by 6.16%. The share prices of Ecopro and Ecopro BM fell by more than 3%. In contrast, PSK Holdings jumped by 3.55%. TS I showed a slight gain.
On this day, the won/dollar exchange rate closed daily trading at 1,340.4 won, down 3.2 won from the previous session's closing price.
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