[KRX deadline | October 14] KOSPI pulls up to 6000 mark... Decline for 6 consecutive trading days

KOSPI closes at 6008.81… KOSDAQ also declined for 5 consecutive trading days due to net selling of 1.2 trillion won by Foreign Investors... ESS, shipping, and steel-related stocks rise

On the 14th, the domestic stock market, KOSPI and KOSDAQ fell together. KOSPI showed an upward trend during the day, but turned downward due to the selling of semiconductor-related stocks and closed in the early 6000 range. KOSDAQ also showed weakness, especially in the semiconductor material and machinery and equipment industries.

According to the Korea Exchange, KOSPI closed trading at 6,008.81, down 26.54 points (0.44%) from the previous trading day. KOSDAQ closed at 823.88, down 13.15 points (1.57%). The won-dollar exchange rate ended weekly trading at 1,338.3 won, down 6.8 won from the previous trading day.

KOSPI started higher on expectations of easing competition in memory semiconductors and stabilizing interest rates. During the day, there was an influx of buying, mainly in the chemicals and transportation and warehousing industries, but the selling trend in related stocks turned downward after the earnings announcements of large global semiconductor companies.

By industry, insurance fell 4.4%, medical and precision equipment fell 3.3%, finance fell 2.1%, and distribution fell 1.5%. Large-cap stocks fell 0.5%, mid-cap stocks remained flat, and small-cap stocks rose 0.6%.

In terms of supply and demand, Foreign Investors net sold 1.1755 trillion won and individuals net sold 314.9 billion won, while institutions net bought 802.1 billion won. Foreign Investors net sold 1.0775 trillion won in electricity and electronics, 94.6 billion won in finance, and 28.8 billion won in machinery and equipment.

KOSDAQ fell due to a sell-off in the semiconductor division and machinery and equipment industries due to the weak global semiconductor stocks. By industry, machinery and equipment fell 4.4%, non-metals fell 4.1%, and medical and precision equipment fell 2.0%. Individuals net bought 386.3 billion won, while Foreign Investors and institutions net sold 217.7 billion won and 181.6 billion won, respectively.

ESS, shipping, and steel-related stocks are strong... Expectations for Alaska LNG spread

SM Bexel (010580) rose 29.93% to the upper limit as battery technology for low-orbit satellites was highlighted. Samsung SDI (006400) rose 5.54% on expectations of improved performance centered on ESS, and WCP (393890) rose 8.44% on expectations of increased demand for ESS. L&F (066970) rose 6.50% on the news that it is negotiating a contract to supply LFP cathode materials with LG Energy Solutions.

Shipping-related stocks also showed strength as tensions in the Middle East increased. HMM (011200) rose 5.90%, and STX Green Roses (465770) rose 7.25%. Pan Ocean (028670) rose 10.53% on expectations of an increase in shipping rates and an operating profit forecast of around 200 billion won in the third quarter.

As expectations for the development of Alaska liquefied natural gas (LNG) rose, Daeyang Metal (009190) rose 16.24% and Daehan Steel (084010) rose 13.77%. TCC Steel (002710) also rose 8.50% amid strong steel stocks.

Stock acquisition/cancellation stocks rise... Expectations for high-speed terminal development continue

Unichem (011330) rose 30.00% to the upper limit on expectations of the acquisition of Lumia in the United States. Cheonil Express (000650) also surged 29.78% as expectations for the development of the Seoul Express Bus Terminal rose again.

Stocks related to shareholder return also rose. Elcomtech (037950) rose 11.78% on the decision to purchase treasury stocks worth 2 billion won, and TPC Global (130740) rose 14.06% on the decision to enter into a trust contract for the purchase of treasury stocks worth 2 billion won. The Pink Pong Company (403850) rose 3.79% following the decision to cancel 434,362 treasury shares worth approximately 5.16 billion won.

Dalba Global (483650) rose 4.64% on expectations of growth due to strong K-beauty exports. Doosan Fuel Cell (336260) rose 1.97% after deciding to raise a total of 400 billion won in financing, including 300 billion won in perpetual convertible bonds and 100 billion won in perpetual bonds with warrants.

On the other hand, Shinhan Financial Group (055550) fell 4.71% due to concerns about capital burden following the decision to acquire Lotte Non-life Insurance.