Summary

  • The Kospi held the 5,000 level but closed down 0.81% on concerns over regulations on AI data center construction following the U.S. midterm elections.
  • In trading flows, foreign investors and retail investors were net sellers of 658 billion won and 511 billion won, respectively, while institutions were net buyers of 719 billion won.
  • Samsung Electronics and SK Hynix rose, while heavyweight stocks including Samsung SDI and LG Energy Solution posted steep losses.

Forecast Trend Report by Period

The Kospi gave up its intraday gains and closed lower amid concerns over possible regulations on artificial intelligence data center construction that have persisted since the U.S. midterm elections. The index still held above the 5,000 level.

On Nov. 9, the Kospi closed at 5,018.85, down 40.84 points, or 0.81%, from the previous session.

The index opened down 0.5%. It later turned higher as institutions bought on dips, climbing as much as 2.24% during the session. But it reversed and ended lower as investor sentiment weakened again.

Concerns over regulations on AI data center construction emerged after the U.S. midterm elections. The market failed to rebound even after a series of sharp declines.

In trading by investor type, foreigners were net sellers of 658 billion won on the main bourse. Retail investors also sold a net 511 billion won, while institutions bought a net 719 billion won.

Moves among heavyweight stocks were mixed. Samsung Electronics rose 0.64%, while SK Hynix gained 0.35%.

Samsung SDI tumbled 11.32% and LG Energy Solution dropped 5.78%. Hyundai Motor fell 2.86%, while Samsung Electro-Mechanics lost 3.1%.

Minseung Kang