Domestic Stock

• The KOSPI index plunged nearly 20% in just 15 days, dropping from 8,476.48 at the end of last month to 6,806.93 on the 13th, driven largely by declines in Samsung Electronics. • Despite the market drop, semiconductor exports remain strong, with Korea Customs Service data showing a 193% increase from July 1 to 10 compared to the previous year. • Investors are now focusing on the upcoming earnings reports and investment plans from SK Hynix and global big tech companies scheduled for the end of this month.

• Approximately 96% of domestic stocks declined following the launch of twice-leverage ETFs for Samsung Electronics and SK Hynix. • BNK Investment & Securities reports that while semiconductor performance outlooks are being upgraded ahead of Q2 earnings, other sectors remain stagnant. • The surge in semiconductor concentration has increased KOSPI volatility, causing the Korean market to behave like an individual stock linked to Micron, Samsung, and SK Hynix.