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KOSPI sheds 2.65% to 6,792.93; KOSDAQ off 4.23% — Korea Market Close, Aug 18, 2026

Korean equities closed sharply lower on Tuesday, August 18 (2026): the KOSPI finished at 6,792.93, down 2.65%, while the KOSDAQ fell 4.23% to 828.05.The KOSPI printed an intraday range of 427.84 points (6.3% high-to-low), touching a session high of 7,216.62 at 09:39 before sellers took over through

The Silmari
A daily data newsletter on the Korean stock market — silmari, ‘a clue: the loose end that unravels the knot’
④ Closing 16:002026.08.18 Tue · No. 15Sentiment gauge: Neutral (composite score 0.648). Confirmed inputs today: 20-day volatility at 5.82 (93rd percentile on expanding history); program-trigger streak at 0 (86th percentile). Lagged inputs — credit balance as of Aug 14, margin as of Aug 14, short-surge ratio as of Aug 12 — are pending T+1/T+2 publication and will update in subsequent editions.
④ Closing · published 16:00 KST · regular session confirmed at 15:30 KST · Note: flow figures are preliminary as published just after the close; the exchange’s confirmed figures appear in that day’s Final Edition (20:00 KST).
01 · Verdict★Provisional — source correction in progress (FDR 6792.93 / Naver 6869.83)

verdict at the close

KOSPI sheds 2.65% to 6,792.93; KOSDAQ off 4.23%

Korean equities closed sharply lower on Tuesday, August 18 (2026): the KOSPI finished at 6,792.93, down 2.65%, while the KOSDAQ fell 4.23% to 828.05.The KOSPI printed an intraday range of 427.84 points (6.3% high-to-low), touching a session high of 7,216.62 at 09:39 before sellers took over through the afternoon; multiple investor groups weighed simultaneously, and no single cause can be isolated.

Key points
01KOSPI closed at 6,792.93 (2.65%); KOSDAQ at 828.05 (4.23%). Intraday swing on the KOSPI was 427.84 pts (6.3% high-to-low), with the session peak of 7,216.62 reached at 09:39 and the trough of 6,788.78 at 15:08.
02On the KOSPI (preliminary), institutions net sold ₩785.3bn and the pension fund net sold ₩80.6bn, while retail investors net bought ₩731.7bn and foreigners net bought ₩91.4bn. Program TradingBasket orders executed algorithmically, split into arbitrage (index-futures parity trades) and non-arbitrage (portfolio rebalancing, ETF creation/redemption) categories by the KRX.Non-arbitrage program net selling is a useful proxy for institutional portfolio outflows that operate independently of individual stock selection. showed non-arbitrage net selling of ₩1,088.7bn. KOSDAQ investor flow data are not available via the current collection method.
03Overnight backdrop included multiple overlapping headwinds: U.S. 30-year Treasury yields at 5.31% (a 19-year high per event data), S&P 500 futures down 0.69% and Nasdaq 100 futures down 0.81% as of 05:00 KST, and the Nikkei 225 closing down 1.82% at 67,460.73. Several factors were present simultaneously; attribution to any single one is not warranted.
04Morning forecast update (preliminary — final scoring in the 20:00 edition): Both calls missed. P1 called KOSPI +0.51.5% (actual: 2.65%, verdict ✗). P2 called KOSDAQ flat to +1.0% (actual: 4.23%, verdict ✗). These are intraday preliminary scores; confirmed verdicts will appear in the final edition.
03 · TimelineSnapshot — minute-bar readings

The day’s path

A window marking the hours when direction turned during the session

KOSPI traced a 6.3% intraday arc — peak at 09:39, trough at 15:08 — before closing at 6,792.93, down 2.65%.

KOSPI snapshotOpen7131.3· High7216.62(09:39) · Low6788.78(15:08) · Last6869.83
KOSDAQ snapshotOpen861.87· High872.59(10:15) · Low827.97(15:08) · Last834.2
04 · Top 10 checkpointsMinute-bar readings · low and high times included

Top by trading value10— snapshot

A window on how the top trading-value names have moved up to this hour

KOSPI high of 7,216.62 at 09:39 gave way to a sustained slide; SK hynix held the top turnover spot through the close.

Top 10 by trading value — prior close · open · gap · high (time) · close · change % · low (time) · open & gap data limited; will backfill when exchange collection resumes
StockPrior closeOpenGapHigh (time)CloseChangeLow (time)
SK hynix1,645,0001,662,000+1.03%
Samsung Electronics274,500268,500−2.19%
Samsung Electro-Mechanics1,558,0001,440,000−7.57%
SK Square1,154,0001,135,000−1.65%
Samsung Electronics (Pref.)195,600188,300−3.73%
Hyundai Motor453,000435,000−3.97%
LG Electronics215,000208,000−3.26%
Samsung SDI516,020488,000−5.43%
SK eternix58,30058,500+0.34%
LG Innotek653,993633,000−3.21%

The KOSPI reached its intraday peak of 7,216.62 at 09:39 before turning lower, with the decline steepening after 10:40 and the index touching its session trough of 6,788.78 at 15:08; a partial recovery into the close left the index at 6,792.93 on the confirmed print.SK hynix retained the top spot by KOSPI turnover at ₩877.3bn through the session, with Samsung Electronics second at ₩660.7bn; on the NXT (Nextrade)Korea’s alternative trading system, launched in 2026, that operates a pre-market, a main session, and an after-market alongside the KRX main exchange.NXT data — shown here on a 20-minute delay — give an early read on breadth and turnover before KRX official figures are published. alternative exchange, SK hynix also led at ₩5,085.5bn (NXT snapshot, 20-minute delayed as of 15:33) — those are NXT-only figures and not directly additive to KRX main-market data.

05 · FlowsIn Korean won · KRX

Flow summary

A window on how much foreign investors, retail investors, investment firms and pension funds each bought and sold

Institutional selling of ₩785.3bn overwhelmed foreign net buying of ₩91.4bn on the KOSPI, as the index dropped 2.65% to close at 6,792.93.

Foreign investors → retail · KOSPI (same-day correlation)Retail investors-0.85 (moves almost exactly opposite)· KOSPI0.517 (tends to move in the same direction)
Investment firms → retail · KOSPI (same-day correlation)Retail investors-0.615 (moves almost exactly opposite)· KOSPI0.595 (tends to move in the same direction)
Pension funds → retail · KOSPI (same-day correlation)Retail investors-0.191 (no clear relationship)· KOSPI0.02 (no clear relationship)
How to read the correlationCloser to +1 means they moved together; closer to −1 means they moved opposite — measured in the current regime (2026)
06 · Top 10Close · change · flows by four investor groups

The stocks that moved the market — top by turnover10

A window on which investor groups backed the most heavily traded stocks

SK hynix led KOSPI turnover at ₩877.3bn and closed up 1.03%, while Samsung Electro-Mechanics was the session’s most-traded decliner, falling 7.57% on ₩1,625.5bn in volume.

SK hynix (₩877.3bn turnover, +1.03%) was the day’s most-traded name on the KOSPI and the only member of the top two by volume to close in positive territory; Samsung Electronics, the second-most-active at ₩660.7bn, fell 2.19%.Samsung Electro-Mechanics (₩1,625.5bn, 7.57%) ranked third by volume and was the steepest decliner among the KOSPI top ten; on the KOSDAQ side, Jusung Engineering (₩423.0bn, +0.84%) and HPSP (₩289.1bn, +5.57%) were among the few advancers in that market’s top-ten list.

Top 10 by turnover (KOSPI)
StockCloseChangeTurnoverForeign investorsInstitutionsInvestment firmsPension fundsRetail investors
SK hynix₩1,662,000+1.03%₩8.77tn+₩790.9bn−₩123.6bn−₩281.5bn+₩120.9bn−₩646.3bn
Samsung Electronics₩268,500−2.19%₩6.61tn+₩176.7bn−₩247.6bn−₩215.2bn−₩28.4bn+₩83.9bn
Samsung Electro-Mechanics₩1,440,000−7.57%₩1.63tn−₩418.7bn−₩168.7bn−₩57.3bn−₩60.0bn+₩582.4bn
SK Square₩1,135,000−1.65%₩845.3bn+₩49.7bn−₩35.9bn−₩10.3bn−₩12.4bn−₩10.0bn
Samsung Electronics (Pref.)₩188,300−3.73%₩842.5bn−₩188.2bn+₩7.9bn+₩2.6bn−₩8.7bn+₩175.5bn
Hyundai Motor₩435,000−3.97%₩383.7bn−₩82.0bn+₩1.3bn−₩2.9bn+₩0.2bn+₩80.3bn
LG Electronics₩208,000−3.26%₩329.2bn−₩27.4bn−₩12.9bn−₩22.5bn+₩7.6bn+₩39.7bn
Samsung SDI₩488,000−5.43%₩243.2bn−₩35.1bn−₩8.7bn−₩4.8bn−₩0.5bn+₩44.2bn
SK eternix₩58,500+0.34%₩230.9bn−₩11.6bn+₩11.1bn+₩2.6bn+₩2.6bn−₩0.4bn
LG Innotek₩633,000−3.21%₩215.2bn−₩52.3bn−₩11.7bn−₩13.9bn−₩1.0bn+₩65.8bn
Historical contextForeign investors / institutions / investment firms / pension funds / retail investors · figures in Korean won · Source: KRX
07 · Up 5 · Down 5Reason labels: [News] confirmed · [Pattern] inferred

Gainers5· Decliners5KOSPI & KOSDAQ

A window on the biggest gainers and decliners, and the reasons behind them

Broad-based selling pushed the KOSDAQ down 4.23% to 828.05, with decliners on the NXT snapshot outnumbering advancers 512 to 84.

KOSPI
Gainers · relative strength5 (KOSPI)
Samsung Air Conditioning+29.92%[Pattern]Turnover ₩44.9bn · machine ranking
STX Green Logis+29.91%[Pattern]Turnover ₩14.8bn · machine ranking
Ilshin Stone+22.24%[Pattern]Turnover ₩11.2bn · machine ranking
The Born Korea+21.84%[Pattern]Turnover ₩14.7bn · machine ranking
Hyein+14.34%[Pattern]Turnover ₩41.1bn · machine ranking
Decliners5 (KOSPI)
Isuh Chemical−13.29%[Pattern]Turnover ₩32.6bn · machine ranking
Samsung Epis Holdings−11.30%[Pattern]Turnover ₩49.7bn · machine ranking
Samsung Electro-Mechanics (Pref.)−8.48%[Pattern]Turnover ₩35.0bn · machine ranking
CJ −8.11%[Pattern]Turnover ₩29.6bn · machine ranking
Hyundai AutoEver−7.87%[Pattern]Turnover ₩59.9bn · machine ranking
KOSDAQ
KOSDAQGainers5
Ingenia Therapeutics (Reg.S)+49.92%[Pattern]Turnover ₩715.5bn · machine ranking
Microcontex Sol+29.90%[Pattern]Turnover ₩41.3bn · machine ranking
Venujee+29.82%[Pattern]Turnover ₩26.7bn · machine ranking
Remedy+22.76%[Pattern]Turnover ₩86.0bn · machine ranking
GeneSem+18.50%[Pattern]Turnover ₩15.4bn · machine ranking
KOSDAQDecliners5
Aurora−26.16%[Pattern]Turnover ₩15.1bn · machine ranking
Bonne−23.22%[Pattern]Turnover ₩20.2bn · machine ranking
SAMT−18.18%[Pattern]Turnover ₩22.7bn · machine ranking
Novarex−17.51%[Pattern]Turnover ₩11.9bn · machine ranking
K&S INC−16.55%[Pattern]Turnover ₩24.8bn · machine ranking

Among KOSPI names with at least ₩100bn in turnover, decliners dominated: Samsung Epis Holdings led losses at 11.30%, followed by Samsung Electro-Mechanics preferred at 8.48% and CJ at 8.11%, while Hyundae Haesang and Samah Aluminum posted gains of +9.59% and +9.64% respectively.On the KOSDAQ, Injenia Therapeutics (Reg.S) surged +49.92% on ₩715.5bn in turnover — by far the day’s most active KOSDAQ name — while Aurora plunged 26.16% and Bonne fell 23.22%; the NXT snapshot at 15:33 showed 512 decliners against 84 advancers across 608 listed names, indicating breadth was heavily skewed to the downside.

08 · After lookas of 15:56 KST on 2026-08-18

After-Hours Outlook

A window on what to watch in after-hours trade once the regular session ends

Session closed deep in the red; post-market activity will be watched against a backdrop of U.S. 30-year yields at 5.31% and weak overnight futures.

In the 2026 regime (n=31 Tuesdays), the KOSPI has risen on 71% of Tuesdays with an average move of +0.19%; today’s confirmed 2.65% outcome sits well outside the regime’s typical Tuesday range, which may draw attention to Wednesday’s session — in the 2026 regime, Wednesdays have shown a 80% advance rate (n=30) with an average gain of +1.14%, though past rates are not guarantees of direction.The pre-close sell-side bias was visible in non-arbitrage program net selling of ₩1,088.7bn; in the current regime (2026), short-surge events in the prior five sessions (SK hynix surge ratio 0.01×–0.02×, Simtech 2.4×–2.8×) have shown mixed five-day outcomes, averaging 0.50% with a 51% down-probability across 111 events in the current regime — the judgment on direction is each reader’s own.

Source: Korea Exchange · NXT · Actual measurement · Reference ★Provisional — source correction in progress (FDR 6792.93 / Naver 6869.83) · Compiled by Silmari editorial team
This edition organises and explains publicly available market data. It is not investment advice. Predictions and their scores are preserved without revision — the judgement is yours.