KOSDAQ Down 2.34%, KOSPI Loses 6,000: Why Did Small Caps Fall Harder?

KOSDAQ fell 2.34%, and KOSPI fell 1.24%.

Many people are looking for the reason behind the KOSDAQ slump this morning.

This is based on confirmed closing prices for October 29.

KOSPI closed at 5,937.66, giving back the 6,000 level. (Source: 10/29 16:43 news headline)

Retail investor:

"Why did KOSDAQ fall more than KOSPI...?"

A headline alone cannot pin down the cause.

What we can confirm is the gap in losses.

October 29 KOSPI Close: How Much Did It Drop?

KOSPI: 5,937.66 (-1.24%)

KOSDAQ: 753.23 (-2.34%)

KOSDAQ's decline was about twice KOSPI's.

Reports said the won eased slightly.

Sharp KOSPI Drop: What Drivers Are Confirmed?

(Source: 10/29 17:47 news headline)

Headlines pointed to Samsung Electronics and SK Hynix still seen as the most attractive names, plus spotlight on power infrastructure stocks.

Reports also said stock picking in semiconductors and equipment has become serious.

The headlines do not identify a cause that directly pushed the index lower.

How Did US Markets Do Overnight?

Sector moves from the latest US trading day.

IT and semiconductors: +0.80%

Financials: +0.45%

Energy: +0.35%

Communication: -0.42%

Real estate: -0.73%

Utilities: -0.84%

Chips rose while defensive sectors slipped.

Overnight headlines centered on AI leaders.

Palantir drew both hopes for AI demand and concerns about overvalued profitability.

Apple had headlines ahead of its earnings release that are worth watching.

Today's KOSPI Outlook: Where to Look Before the Open?

(Source: Polymarket)

Fed cut of more than 50bp in December: 'No' 100%

Bitcoin falls to $55,000 by late December: 'No' 92%

Ethereum faced headlines on hacking fears and ETF outflows.

So today we are watching three things.

→ 1. Whether KOSPI tries to reclaim 6,000

→ 2. How much KOSDAQ narrows its losses

→ 3. Whether US chip strength spreads to Korean chips

So, Up or Down?

Pressure side

• KOSDAQ, -2.34%, bigger drop than KOSPI
• KOSPI, -1.24%, gave back 6,000
• Palantir, reports of overvalued profitability concerns

Support side

• US IT and semiconductors, +0.80%, strong overnight
• Won, slightly lower, reports of eased pressure
• Samsung and SK Hynix seen as attractive, power infrastructure stocks in focus

Just keep these as reference~!

PickStock 💡

※ This article is for informational purposes only and is not investment advice.
※ Investment decisions and responsibility lie with the investor.
※ Figures are as of the time of writing and may change.

This article is for informational purposes only and is not investment advice.