The KOSPI fell -0.23% to 2,574.89pt as of 14:45 p.m

[Market in the market] Unrested sentiment, KOSPI returns morning rebound and turns lower [FICC Research Department Strategy/Market: Lee Kyung-min]

- The KOSPI fell -0.23% to 2,574.89pt as of 14:45 p.m
Although it rebounded more than 1% in early trading and recovered to the 2,615-point level, it turned downward as foreign net sales expanded
Foreigners -394.4 billion won net sale / institutional 66.8 billion won net purchase / individual net purchase of 330.5 billion won.

- Despite the mixed U.S. market the previous day, the KOSPI rose by 1% in the early trading period, showing an outperformance in the Asian market. Net buying by individuals and institutions seemed to lift the market, but as foreign net selling expanded, the KOSPI peaked around 10 o'clock and then fell

Foreign investors are participating in large quantities of net sales today, mainly in large electric and electronic stocks, but domestic and defense stocks such as service (Gangwon Land, etc.), transportation warehouses (Korean Air, CJ Korea Express, etc.), electric gas, telecommunications, and distribution industries are preparing for the influx of net foreign purchases and volatility

Global stock markets are still on the decline despite weaker-than-expected JOLTs employment report this week. On the other hand, caution has not disappeared as the CBOE VIX volatility index has been on the rise compared to the previous day. Ahead of the remaining U.S. non-agricultural employment index and August unemployment rate indicators, cautionary sentiment is expected to remain at the bottom of the market for the time being

- Asia stocks mixed
Japan's Nikkei Index (-0.92%) rise in wage income weakens on concerns about a BOJ rate hike, Taiwan's household index (+0.49%) strengthens,
On the other hand, Hong Kong's Hang Seng Index (-0.49%) and China's Shanghai Composite Index (-0.08%) started higher in early trading with expectations that the Chinese government was considering a two-stage rate cut, but weakened as it returned higher

- The won/dollar exchange rate fell to the dollar index due to sluggish U.S. employment indicators, and the won/dollar exchange rate fell to the 1,332 won level in the market, but rebounded with foreign selling, up 0.8 won from the previous day's close to 1336.8 won

- By industry, the telecommunications industry (+2.04%), transportation warehouses (+1.65%), textiles and clothing (+0.84%), pharmaceuticals (-1.94%), machinery (-1.76%), and construction (-1.69%) were weak

Despite the news of mixed semiconductor industry, failure of Intel's foundry process test the day before (-0.86%) and rumors of 12E HBM3E delivery, foreign selling continued to weaken, while SK Hynix (+2.52%), a rival of HBM, rose to 5% at one point during the day due to the inflow of net foreign purchases, but the rise was reduced. In the overall semiconductor industry, including the decline of Korea-US semiconductor (-1.09%), the decline was weakened due to the opening of net foreign selling

Weaknesses such as HD Hyundai Electric (-8.55%), LS ELECTRIC (-5.11%), HD Korea Shipbuilding & Marine Engineering (-5.12%), and Yuhan (-5.16%), which were recently strong in stock prices

Amid increased volatility in the stock market, the strong telecommunications industry, KT (+4.02%), LG Uplus (+1.02%), and SK Telecom (+1.06%) are strong

Strong expectations such as distribution and transportation due to falling oil prices, especially CJ Korea Express (+5.10%), daily delivery service 'Everyday-ONE' service launch, and Korean Air (+3.00%) and HMM (+1.83%)

Netmarble (+2.63%) and others are strong, including the influx of expectations for new game-themed works, Krafton (+3.86%), artificiality is strong in expectations for the release of new works, and NCsoft (+4.06%) restructuring expectations

- KOSDAQ 725.13pt, down -0.90%.

Entertainment and culture (+1.60%) and publishing and media replication (+0.65%) by industry
Metal (-2.15%), Chemical (-2.02%) Weakness

[Daishin Securities Investment Strategy / Marketplace Telegram Channel]