The KOSPI opened lower for the week. This is interpreted as the continued impact of the sharp drop in AI and semiconductor stocks in the U.S. stock market over the weekend, driven by instability in the AI industry.
As of 9:12 a.m. on Monday, the KOSPI stood at 5,601.20, down 66.85 points (1.18%) from the previous trading day. The index had opened at 5,488.41, a drop of 179.64 points (3.17%), but narrowed its decline as bargain-hunting buying by foreign investors and institutional investors flowed in.
Han Ji-young, a researcher at Kiwoom Securities, explained, "Following the sharp drop in U.S. AI stocks on Friday (local time), domestic stock markets are also expected to face downward pressure. The strength of any subsequent rebound and whether support can be secured will likely depend on the outcomes of major domestic and international events." She added, "While most key sectors, including semiconductors and IT hardware, remain in an oversold phase based on stock prices, making this a zone with high incentives for bargain hunting, AI industry instability persists due to credit risks, investment cuts, and weakening earnings momentum. Therefore, investors should prepare for volatility for the time being."
In the KOSPI market, foreign investors are net buyers of 157.1 billion won, institutional investors are net buyers of 215.5 billion won, and individual investors are net sellers of 389.3 billion won.
By sector, electric power and gas is up in the 1st% range. Pharmaceuticals, food and tobacco, and non-metals are slightly higher, while real estate, textiles and apparel, and entertainment and culture are slightly lower. Electric electronics, insurance, chemicals, manufacturing, finance, transportation and warehousing, distribution, securities, IT services, metals, and others are down in the 1st% range, while machinery and equipment, construction, and transportation equipment and parts are down in the 2nd% range.
Among top market capitalization stocks, Samsung Biologics is up in the 1st% range, while Samsung Electronics, SK Hynix, LG Energy Solution, and Celltrion are slightly lower. Kia, SK Square, KB Financial Group, Shinhan Financial Group, Hyundai Motor Company, and Samsung Life Insurance are down in the 1st% range, while Samsung Electric, Samsung C&T, and Hanwha Aerospace are down in the 3rd% range.
At the same time, the KOSDAQ is trading at 789.36, down 5.42 points (0.68%) from the previous trading day. The KOSDAQ also opened lower at 773.06, a drop of 21.72 points (2.73%), but narrowed its decline on net buying by foreign investors of 38.2 billion won and institutional investors of 11.6 billion won. Individual investors are net sellers of 46.5 billion won.
By sector, publishing and media is up in the 6th% range, while entertainment and culture, medical and precision equipment, metals, and transportation equipment and parts are slightly higher. Food and tobacco, IT services, chemicals, pharmaceuticals, general services, telecommunications, distribution, paper and wood, electric electronics, construction, and others are slightly lower, while transportation and warehousing is down in the 1st% range.
Among top market capitalization stocks, HPSP, Wonik IPS, PSK Holdings, and HLB are slightly higher, while Ecopro, Samchundang Pharm, Ecopro BM, and Alteogen are slightly lower. Lino Industrial, Jusung Engineering, RAINBOW Robotics, and Simtech are down in the 1st% range, while Iotech and PSK are down in the 2nd% range.
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