"Samsung Electronics' operating profit hits 10 trillion won, so why is the stock price like this"... Foreign investors sell for 9th consecutive trading day

The KOSPI, which had opened higher, reversed into a decline in early trading. This is interpreted as being driven by factors such as high expectations for semiconductor stocks that have already risen significantly, despite Samsung Electronics ushering in the era of 10 trillion won in quarterly operating profit, and the impact of U.S. Treasury yields, contributing to a prolonged outflow of foreign investors.

As of 9:23 a.m. on the 8th, the KOSPI stood at 6,783.55, down 20.35 points (0.30%) from the previous session. The index opened at 6,808.68, up 4.78 points (0.07%), but turned downward immediately after the opening bell.

In the KOSPI market, retail investors are net buyers of 354.6 billion won, while foreign investors and institutional investors are net sellers of 344.2 billion won and 51.4 billion won, respectively. Foreign investors have shown a selling trend for nine consecutive trading days.

Han Ji-young, a research analyst at Kiwoom Securities, stated, "Today's domestic stock market is expected to show a volatile session as it digests supply and demand issues related to Samsung Electronics' preliminary earnings results, the holiday period, and option expiration dates, despite upside factors such as the calming of the sharp rise in U.S. 10-year Treasury yields and the narrowing of losses in the U.S. stock market."

The analyst explained, "The market is pondering whether tight supply and demand and high margins will be maintained even after 2027-2028, when capacity expansion by the three major memory chipmakers (Samsung Electronics, SK Hynix, and Micron) is expected to fully kick in, rather than focusing solely on current memory earnings." She added, "The background of recent foreign net selling of KOSPI stocks centered on semiconductors also reflects this concern to a certain extent, in addition to rising U.S. interest rates and profit-taking since the beginning of the year."

By sector, electrical/electronics, manufacturing, and medical/precision equipment are up by less than 1%, while finance, distribution, general services, metals, electricity/gas, insurance, and transportation/warehousing are down in the 1st% range. Transportation equipment/parts, machinery/equipment, securities, pharmaceuticals, IT services, construction, and entertainment/culture are down in the 2nd% range.

Among top market capitalization stocks, LG Energy Solution is up in the 4th% range and Samsung SDI is up in the 3rd% range. SK Hynix and Samsung Electro-Mechanics are trading slightly lower, while Samsung Electronics is flat. KB Financial Group, Shinhan Financial Group, SK Square, Samsung C&T, and Samsung Life Insurance are down in the 1st% range. Hyundai Motor, Doosan Enerbility, and Samsung Biologics are down in the 2nd% range, and Hanwha Aerospace is down in the 3rd% range.

At the same time, the KOSDAQ stood at 889.44, down 8.99 points (1.00%) from the previous session.

In the KOSDAQ market, retail investors are net buyers of 104.4 billion won, while foreign investors and institutional investors are net sellers of 77.0 billion won and 26.5 billion won, respectively.

By sector, publishing/media is up in the 1st% range, while telecommunications, medical/precision equipment, IT services, and entertainment/culture are down in the 1st% range, construction is down in the 2nd% range, and general services and pharmaceuticals are down in the 4th% range.

Among top market capitalization stocks, Ecopro BM, Simmtech, and Ecopro are up in the 2nd% range, and Jusung Engineering is up in the 1st% range. Robotis and HPSP are down in the 1st% range, Rainbow Robotics is down in the 2nd% range, Samchundang Pharm is down in the 6th% range, and Alteogen is down in the 7th% range.