[KRX deadline | October 7] Foreign Investors sell 2.6 trillion won, KOSPI is at 6800 points... KOSDAQ also fell by 2%

KOSPI falls for two days in a row… Expansion of foreign sales centered on electricity and electronics

Give me 900 KOSDAQ... Pest-related stocks and cosmetics stocks are strong

On the 7th, the domestic stock market, KOSPI and KOSDAQ fell together. KOSPI fell for two consecutive days due to large-scale selling by foreign investors, pushing it to the 6,800 level, and KOSDAQ also dropped to the 900 level due to profit-taking listings.

According to the Korea Exchange, KOSPI closed at 6,803.90, down 137.49 points (1.98%) from the previous trading day. KOSDAQ closed at 898.43, down 21.49 points (2.34%). The won-dollar exchange rate ended weekly trading at 1,340.4 won, down 3.2 won from the previous trading day.

KOSPI turned upward during the day on the previous day due to the decline in U.S. Treasury yields and expectations of increased demand for AI, but ended lower due to increased foreign selling, especially in the electrical and electronics industries, amid caution ahead of the announcement of provisional results of major companies. By industry, metals fell by 4.1%, transportation equipment and parts by 3.5%, machinery and equipment by 2.5%, and electricity and electronics by 2.3%. Large-cap stocks fell 2.1%, mid-cap stocks fell 0.6%, and small-cap stocks fell 0.1%.

In terms of supply and demand, foreign investors net sold 2.6062 trillion won and institutions net sold 674.7 billion won, while individuals net bought 2.5609 trillion won. Foreign Investors sold net 2.0906 trillion won in electricity and electronics alone, and net sold 221.2 billion won and 119.2 billion won in transportation equipment, parts and metals, respectively.

Despite the Nasdaq's rise the previous day, KOSDAQ fell as profit-taking listings were put on sale, mainly in the electrical/electronics and machinery/equipment industries. By industry, machinery and equipment fell 4.9%, transportation equipment and parts fell 3.2%, and finance fell 3.0%. Foreign Investors and institutions net sold 264.8 billion won and 216.9 billion won, respectively, while individuals net bought 504.2 billion won.

Related stocks soar due to concerns about the Russian plague... Asset-led strength

As the possibility of a pathogen leak from a Russian plague laboratory was raised, stocks related to infectious disease diagnostics and pharmaceuticals showed a strong performance. Green Cross MS (142280) soared 25.89%, Humasis (205470) soared 19.77%, and GeneMatrix (109820) soared 15.21%. Colmar Biotech (215380) rose 7.27% and Seegene (096530) rose 4.43%.

Kukje Pharmaceutical (002720) was highlighted as a stock related to plague treatment, and rose 29.91% to the upper limit due to expectations of management succession due to the increase in shares of Vice Chairman Nam Tae-hoon, the third generation of the owner.

Expectations for the redevelopment of the Seoul Express Bus Terminal and reassessment of the value of owned assets also boosted related stocks. Cheonil Express (000650) rose 29.99%, and Dongyang Express (084670) rose 30.00%, both reaching the upper limit.

Cosmetics stocks are strong... Individual favorable factors such as Tiniping and free capital increase are also highlighted.

Cosmetics stocks performed strongly due to strong K-beauty exports and expectations of improved performance in the third quarter. Cosmax (192820) rose 3.52% on expectations for third quarter performance, and Kolmar Korea (161890) rose 4.82% on expectations for expansion of K-beauty exports.

SAMG Entertainment (419530) has its representative IP ‘Catch! It soared 27.16% on the news of Tiniping’ products entering Target, a large U.S. retailer.

Alpha Chips (117670) rose 29.97% and hit the upper limit due to the 1:1 free capital increase decision to allocate 1 new share for each common stock.

Hive (352820) rose 6.37% on expectations of improved performance in the third quarter, and J&TC (204270) rose 12.42% as technology for reducing glass substrate processing time was highlighted.

On the other hand, LG Electronics (066570) plummeted 10.54% after announcing its third quarter preliminary results. Deoksan Nepcores fell 14.24% due to profit-taking listings after the successful fifth launch of Nuriho, and Poongsan (103140) fell 9.81% due to concerns that operating profit in the third quarter may fall below market expectations.

The Cody (224060) fell 15.87% on the news of the withdrawal of the decision to issue convertible bonds (CB) worth 33 billion won, and Flitto (300080) fell 9.39% due to the reduction in the size of contracts related to AI data.