[KRX deadline | October 13] KOSPI 6000 mark threatened... Foreign Investors net sold KRW 4.5 trillion

KOSPI falls for 5 consecutive trading days... Growing concerns over Chinese memory competition and AI investment

Samsung Electronics and SK Hynix plummet... KOSDAQ narrows decline due to buying at low prices

On the 13th, the domestic stock market, KOSPI and KOSDAQ fell together. KOSPI was pushed to the low 6000 range due to a sharp drop in large semiconductor stocks, and KOSDAQ also fell for four consecutive trading days.

According to the Korea Exchange, KOSPI ended trading at 6,035.34, down 348.90 points (5.47%) from the previous trading day. KOSDAQ closed at 837.03, down 12.16 points (1.43%). The won-dollar exchange rate ended weekly trading at 1,345.1 won, up 10.0 won from the previous trading day.

KOSPI started lower due to intensifying competition with Chinese memory companies and concerns about the sustainability of AI investments. Afterwards, as geopolitical uncertainty from the Middle East expanded, the decline increased and plummeted to around 5%.

By industry, electricity and electronics fell 7.6%, finance fell 3.7%, machinery and equipment fell 3.1%, and insurance fell 2.5%. Large-cap stocks fell 5.9%, mid-cap stocks fell 0.6%, and small-cap stocks fell 0.8%.

In terms of supply and demand, foreign investors net sold 4.533 trillion won, while institutions and individuals net bought 1.6883 trillion won and 2.2361 trillion won, respectively. Foreign Investors net sold 4.2644 trillion won in electricity and electronics, 353.7 billion won in finance, and 55.1 billion won in insurance.

KOSDAQ's intraday decline widened due to concerns about the sustainability of global AI investment and increased uncertainty from the Middle East, but the decline was reduced due to the inflow of low-price buying forces. By industry, non-metals fell 3.9%, general services fell 3.1%, and distribution fell 2.7%. Foreign Investors and institutions made net purchases of 139.9 billion won and 42.9 billion won, respectively, while individuals net sold 190.8 billion won.

Security and ESS-related stocks rise amid a sharp decline... Stocks with delayed delisting soar

AhnLab (053800) rose 10.51% and Raon Secure (042510) rose 6.06% due to expectations of increased security investment in financial sector hacking incidents and AI-based cyber attacks.

LG Energy Solution (373220) rose 3.02% on expectations for growth in the energy storage system (ESS) business. Doosan Tesna (131970) rose 7.43% on expectations of increased demand for AI semiconductor testing, and HLB Biostep (278650) rose 12.05% on news of participation in a 5 billion won AI-based non-clinical evaluation national project.

As expectations continued for a postponement of the follow-up delisting process, Preliminary Tech (250930) rose 29.97% and hit the upper limit. Bioinfra (199730) rose 29.92%, and A&P (015260) rose 14.21%.

Lotte Non-life Insurance (000400) rose 7.94% on the news that Shinhan Financial Group signed a contract to acquire a 77.04% stake for 693.3 billion won. Kumho Electric (001210) rose 3.88% on expectations of the creation of a semiconductor cluster in the Honam area.

Semiconductor stocks plummet due to concerns over Chinese memory competition... Individual stocks are also weak due to negative factors.

As China's CXMT's plan to launch new memory products was highlighted, SK Hynix (000660) fell 10.09% and Samsung Electronics (005930) fell 7.39%.

Olix (226950) plunged 14.31% on the news that the New Zealand phase 2a clinical trial application for age-related macular degeneration treatment OLX301A was rejected. APR (278470) fell 19.60% due to concerns about profitability in the third quarter due to the strong won and increased European logistics costs.

Korea Optical Communication (010170) fell 6.68% due to the sharp drop in U.S. optical communication-related stocks.