KOSDAQ 812 Up vs KOSPI 6,842 Down, Why the Split Market?

KOSPI is weakening, while KOSDAQ is strengthening.

The midday session is splitting like this.

Retail investors ask why they do not move together, up or down.

They do not, and we look at the reasons one by one.

Intraday indices, collected at 2026-08-24 14:30 KST (intraday provisional)

KOSPI: 6,842.32 (-1.02%) [2026-08-24 intraday provisional]

KOSDAQ: 812.04 (+1.26%) [2026-08-24 intraday provisional]

Money is flowing into different stock groups at the same time.

How does US and sector flow matter?

[US] IT·Semiconductors: -4.02%

[US] Energy: +4.41%

Weakness in US semiconductors burdens domestic large caps.

By contrast, interest in crypto and energy attracts funds to other areas.

How are Korean sectors moving recently?

Financials: -0.18% / Healthcare: -3.55% / Energy: -4.06% / Industrials: -3.44%

With the large-cap axis weak, funds appear to rotate into select growth and theme stocks.

Key news flow

Bitcoin weekly +23%, $2.6 billion inflow into US spot ETFs for the week (source: recent headlines)

NVIDIA earnings stories raise hopes for a semiconductor rebound.

Crypto and AI issues act as tailwinds for specific KOSDAQ names and themes.

Glossary

ETF inflows → investors putting money into spot ETFs.

So, up or down?

Downward pressure

• US IT·Semiconductors -4.02%, negative impact on large IT names, downward pressure on KOSPI.

• US long rates and sovereign debt worries could trigger foreign selling.

• Korean Healthcare and Industrials down about 3%, broadening weakness in midcap and value stocks.

Holding up

• Bitcoin weekly +23%, benefiting coin-related stocks (KOSDAQ inflows).

• $2.6 billion into US spot ETFs for the week, showing retail preference for risk assets.

• NVIDIA earnings and AI momentum provide defensive support for some semiconductor and AI themes.

This is for reference only.

PickStock 💡

※ This article is for information purposes and not investment advice.

※ Investment decisions and responsibility rest with the investor.

※ Figures are as of the time of writing and may change.

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