Although Samsung Electronics was tentatively tallied to have posted record-breaking results in the second quarter, the KOSPI index opened below the 8,000 level on the 7th.
As of 9:03 a.m. that day, the KOSPI index was down 199.95 points (2.48%) from the previous day at 7,851.38. The KOSPI index opened at 7,919.20, down 132.13 points (1.64%) from the prior trading day.
In the stock market, individuals and foreigners were net sellers of 44.2 billion won and 66.7 billion won, respectively, while institutions alone were net buyers of 116.2 billion won.
All 10 of the top market-cap stocks on the stock market were falling. In particular, Samsung Electronics, which released its tentative second-quarter results before the market opened that day, was down more than 3%. In addition, SK hynix, SK Square, Samsung Electro-Mechanics, Hyundai Motor, LG Energy Solution, Samsung Life Insurance, Samsung C&T, and Samsung Biologics were all declining.
At the same time, the KOSDAQ index was up 7.28 points (0.86%) from the previous day at 854.35. The KOSDAQ index started the session at 843.74, down 3.33 points (0.39%) from the prior trading day.
On the KOSDAQ market, foreigners and institutions were leading the session with net purchases of 6.8 billion won and 17.3 billion won, respectively. Individuals were net sellers of 22.2 billion won.
Of the top 10 market-cap stocks on the KOSDAQ market, eight were rising. Alteogen, EcoPro, Rainbow Robotics, Jusung Engineering, Kolon TissueGene, HLB, Wonik IPS, and ABL Bio were climbing. EcoPro BM and LEENO Industrial were falling.
With Samsung Electronics again posting record-breaking results, it appeared that profit-taking was emerging.
Before the market opened, Samsung Electronics released its tentative second-quarter results. On a consolidation basis, Samsung Electronics said it posted sales of 171 trillion won and operating profit of 89.4 trillion won in the second quarter of this year. This marked a record high for the third consecutive quarter. Sales surged 129.3% from a year earlier, and operating profit jumped 1,810.3%. With the second-quarter results, Samsung Electronics was estimated to have risen to the No. 1 corporation in the world by quarterly operating profit.