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KOSPI gaps higher at the open, chip stocks sprint; KOSDAQ lags as the market splits by sector — Korea Market Morning Session, Aug 18, 2026

The KOSPI opened at 7,127.77 on Tuesday, August 18 (2026), extended its early gains through the first hour and closed up +2.6% at 7,159.24, driven by a concentrated surge in large-cap semiconductors on the back of an overnight SOX gain of +1.64%.The KOSDAQ moved in the opposite direction, closing do

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A daily data newsletter on the Korean stock market — silmari, ‘a clue: the loose end that unravels the knot’
② Early Session 10:002026.08.18 Tue · No. 15Sentiment gauge: Neutral — composite score 0.415; 20-day volatility (VKOSPI proxy) at 5.8 (93rd percentile, confirmed Aug 18); leverage ETF share at 7.02% (38th percentile, confirmed Aug 18); credit balance and short-surge inputs delayed (last readings Aug 13 and Aug 12 respectively).
② Morning Session · published 10:00 KST · session in progress
01 · Verdict★Provisional — Source correction in progress (FDR 7159.24 / Naver 7154.12)

10:00verdict at this hour

KOSPI gaps higher at the open, chip stocks sprint; KOSDAQ lags as the market splits by sector

The KOSPI opened at 7,127.77 on Tuesday, August 18 (2026), extended its early gains through the first hour and closed up +2.6% at 7,159.24, driven by a concentrated surge in large-cap semiconductors on the back of an overnight Philadelphia Semiconductor Index (SOX)A U.S. equity index tracking the share prices of companies primarily involved in the design, manufacture, and distribution of semiconductors.Because Korean chip stocks — notably SK hynix and Samsung Electronics — move in close sympathy with U.S. semiconductor valuations, overnight SOX moves are a primary reference for KOSPI gap direction at the open. gain of +1.64%.The KOSDAQ moved in the opposite direction, closing down −0.87% at 857.11 after an intraday range of 13.77 points (1.61%), with foreign investors and institutions both net sellers on that market today.

Key points
01Morning call — first scoring (provisional): P1 called KOSPI +0.5–1.5% (up); actual close +2.60% — verdict (direction correct, magnitude exceeded range). P2 called KOSDAQ 0.0–+1.0% (flat to small gain); actual close −0.87% — verdict (direction missed). Both scores are provisional intraday; confirmation in the final edition.
02Semiconductor divergence from the broader tape: SK hynix closed +7.96% and Samsung Electronics +4.55%; the semiconductor sector composite posted +4.92% vs. the KOSPI’s +2.6%, while financials fell −1.55% and biotech −1.89% — a clearly split-sector session.
03Foreign net buying on KOSPI, net selling on KOSDAQ: Foreigners posted provisional net purchases of ₩1,069.5bn on the KOSPI and net sales of ₩11.7bn on the KOSDAQ today; over the past week, the KOSPI foreign net buy total stands at ₩9,107.4bn, while KOSDAQ shows a week-to-date foreign net sale of ₩732.1bn. These are provisional figures collected at 09:53 KST; confirmed data expected this evening.
04Overnight macro backdrop — long-end rates and oil: The 30-year U.S. Treasury yield touched 5.31%, a level not seen since 2007 per pre-open newswire reports; the 10-year stood at 4.72%. S&P 500 futures fell −0.69% and Nasdaq 100 futures −0.81% overnight, yet the SOX (as of Aug 17) gained +1.64%, providing the direct tailwind for Korean chip names.
02 · SnapshotUntil 10:00 AM · Korea Investment & Securities 5-min index (highs/lows based on 5-min close)(may differ slightly from exchange official figures)

10:00Snapshot

A window that records the market at that hour, like a photograph

Foreigners provisionally net bought ₩1,069.5bn on the KOSPI today while net selling ₩11.7bn on the KOSDAQ — the gap in flow direction mirrors the index divergence

KOSPI at 10:00Open7,127.77· High7,206.88(09:35) · Low7,109.39(09:00) · as of 09:557,153.60
KOSDAQ at 10:00Open866.59· High868.45(09:40) · Low855.75(09:00) · as of 10:00867.05
03 · Top 10 checkpointsKorea Investment & Securities minute bars · Until 10:00 AM

Top by trading value10— snapshot

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

SK hynix and Samsung Electronics together accounted for over ₩3.28tn of KOSPI turnover in the first hour, with hynix peaking at ₩1,792,000 at 09:39

Through 09:52 KST, SK hynix led KOSPI by traded value at ₩1.98tn, opening at ₩1,740,000 and reaching an intraday high of ₩1,792,000 at 09:39 before easing; Samsung Electronics traded ₩1.30tn, with its intraday high of ₩288,000 also struck at 09:38.On the KOSDAQ, Jusung Engineering (₩128.0bn) and Hana Micron (₩122.6bn) led turnover, with Hana Micron rising +15.71% on a session high of ₩43,350 reached during the session.

Top 10 by trading value — prior close · open · gap · 10:00 snapshot (may have minor variance vs. exchange official)
StockPrior closeOpenOpening GapThe difference between a security’s or index’s previous close and its opening price the following session, leaving a price range where no trading occurred.A positive opening gap — as seen today with the KOSPI opening at 7,127.77 above Monday’s close — often triggers early momentum buying or, alternatively, gap-fill selling as the session progresses.High (time)Last at 10:00ChangeLow (time)
SK hynix1,645,0001,736,000+5.53%1,792,000 (09:39)1,767,000 (10:00)+7.42%1,727,000 (09:01)
Samsung Electronics274,500283,000+3.10%288,000 (09:38)282,500 (10:00)+2.91%281,500 (09:03)
Samsung Electro-Mechanics1,558,0001,574,000+1.03%1,595,000 (09:01)1,561,000 (10:00)+0.19%1,534,000 (09:03)
Samsung Electronics (Pref.)195,600197,500+0.97%202,000 (09:38)198,650 (10:00)+1.56%196,800 (09:04)
SK Square1,154,0001,200,000+3.99%1,265,000 (09:39)1,233,000 (10:00)+6.85%1,175,000 (09:01)
LG Electronics215,000225,500+4.88%231,500 (09:01)218,000 (10:00)+1.40%216,500 (09:12)
Hyundai Motor453,000459,500+1.43%459,500 (09:01)455,500 (10:00)+0.55%447,500 (09:04)
Kumho E&C13,40014,020+4.63%15,300 (09:11)14,130 (10:00)+5.45%14,000 (09:54)
Foosung12,40012,410+0.08%14,740 (09:22)13,750 (10:00)+10.89%13,000 (09:01)
HMM21,25021,300+0.24%23,400 (09:16)22,600 (10:00)+6.35%21,350 (09:03)

Among the notable intraday trajectories, Heosung posted its session high of ₩14,740 at 09:22 before retracing, and HMM hit ₩23,400 at 09:16 — both well above their respective opens — suggesting early momentum faded for several cyclical names after the first 20–25 minutes.LG Electronics showed the sharpest reversal pattern in the top-10: it opened at ₩229,000, printed its intraday high of ₩231,500 at 09:01, then fell to a low of ₩216,500 by 09:12 — a ₩15,000 intraday swing within the first thirteen minutes.

04 · Up · DownReason labels: [News] confirmed · [Pattern] inferred

Gainers5· Decliners5— snapshot

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

Semiconductors lead a split session: KOSPI closes up +2.6% while KOSDAQ slips −0.87%, with SK hynix and Samsung Electronics surging as financials and biotech retreat.

On the KOSPI, gainers included Heosung (+18.47%), Korea Circuit (+14.10%), Hyundai Marine & Fire Insurance (+8.93%), SK hynix (+7.96%), and SK Square (+7.80%) among names with traded value above ₩100bn, while Isu Chemical fell −10.80%, Korea Kolmar −6.29%, and Hanwha Life −3.73%.On the KOSDAQ, Micro Contact Sol rose +29.90%, Ananti +21.39%, Hana Micron +15.71%, HPSP +12.00%, and Padu +12.06%, while TC Materials slid −13.72% and Hyundai Movex −4.82% among names with ₩100bn-plus turnover — underscoring a day where the advance was narrow at the index level but broader within individual KOSDAQ names tied to memory and equipment.

Gainers —5:00as measured at this hour
MicroConTechSol * (KOSDAQ)+29.90%· turnover ₩23.1bn
Ananti * (KOSDAQ)+21.52%· turnover ₩39.5bn
DaeAITAI * (KOSDAQ)+17.58%· turnover ₩17.4bn
Hana Micron * (KOSDAQ)+16.80%· turnover ₩127.6bn
Refine * (KOSDAQ)+16.79%· turnover ₩10.9bn
Losers —5:00as measured at this hour
TC Materials * (KOSDAQ)−14.20%· turnover ₩10.2bn
Isuh Chemical−11.05%· turnover ₩14.1bn
Korea Kolmar−6.36%· turnover ₩19.3bn
Hyundai Movex (KOSDAQ)−4.82%· turnover ₩22.4bn
Hanwha Life−3.73%· turnover ₩20.2bn
Historical contextSelection: turnover of ₩10bn or more · machine ranking by percentage change.
Source: Korea Exchange · NXT · Measured · Reference ★Provisional — Source correction in progress (FDR 7159.24 / Naver 7154.12) · 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.