카테고리
실마리 일지

KOSPI Drops 5.85% to 6,467.77 as Chip Selloff Deepens — Korea Market Close, Aug 19, 2026

The KOSPI closed at 6,467.77 on Wednesday, August 19 (2026), down 5.85% on the day, swinging across a 213.58-point intraday range between a low of 6,400.81 and a high of 6,614.39.The KOSDAQ ended at 824.49, down 1.16%, outperforming its large-cap counterpart as the session’s heaviest selling was con

The Silmari
A daily data newsletter on the Korean stock market — silmari, ‘a clue: the loose end that unravels the knot’
④ Closing 16:002026.08.19 Wed · No. 16Sentiment gauge: Anxiety (composite score 0.947) — 20-day volatility at 5.91 (93rd percentile, confirmed today), leverage ETF share at 13.12% (97th percentile, confirmed today); credit balance and margin data carry Tuesday, August 18 (2026) readings (T+1 lag), and short-surge data reflects August 13 (2026) (T+2 lag).
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★Preliminary — Source correction in progress (FDR 6467.77 / Naver 6471.17)

verdict at the close

KOSPI Drops 5.85% to 6,467.77 as Chip Selloff Deepens

The KOSPI closed at 6,467.77 on Wednesday, August 19 (2026), down 5.85% on the day, swinging across a 213.58-point intraday range between a low of 6,400.81 and a high of 6,614.39.The KOSDAQ ended at 824.49, down 1.16%, outperforming its large-cap counterpart as the session’s heaviest selling was concentrated in semiconductor heavyweights rather than the smaller-cap board.

Key points
01Semiconductor pressure dominated: SK hynix fell 9.75% and Samsung Electronics 7.82%, together generating ₩12.04tn in combined KOSPI turnover; SK Square dropped 11.54%. The semiconductor sector composite declined 6.11%. Several factors overlapped on the day — overnight Philadelphia Semiconductor Index (SOX)A US equity index tracking the share prices of companies primarily involved in the design, distribution, manufacture, and sale of semiconductors.Because Korean large-cap stocks such as Samsung Electronics and SK hynix derive a substantial share of revenue from semiconductors, overnight SOX moves are closely watched as a leading indicator for KOSPI open direction.4.98%, 30-year US Treasury yields topping 5.33%, Nikkei 225 –3.16% as of the prior close, and Hormuz Strait geopolitical headlines — and no single cause should be assigned.
02Foreigners net sold ₩3,485.1bn on KOSPI on a provisional basis (collected 15:52 KST; final figures expected by evening). Program Trading (Arbitrage·Non-Arbitrage)Basket-order trading executed automatically against index futures (arbitrage) or in bulk without a futures hedge (non-arbitrage); reported daily by the KRX.Large non-arbitrage program net selling — today’s KOSPI figure was –₩33,717bn — amplifies index moves and is often a proxy for institutional deleveraging. showed non-arbitrage net selling of ₩33,717bn on KOSPI. Over the trailing quarter (May 19 – August 19, 2026), foreign investors have net sold ₩75,999.7bn on KOSPI while retail investors net bought ₩61,723.9bn.
03Bright spots were narrow: construction & infrastructure rose 2.56% (Hyundai E&C +5.81%), and defense & aerospace was nearly flat at –0.08% (Hanwha Aerospace +2.71%). On KOSDAQ, Ananti surged +18.89% and HPSP gained +7.15%, while Ingenia Therapeutics (Reg.S) fell 21.62% as the session’s heaviest KOSDAQ decliner by turnover.
04Morning forecast update (provisional, final scoring in the evening edition): P1 called KOSPI –1.5% to –3.0% — the index fell 5.85%, outside the predicted range; rated △ (miss on magnitude). P2 called KOSDAQ –2.0% to –3.5% — the index fell 1.16%, outside the predicted range in the other direction; rated △ (miss on magnitude). Both calls captured direction correctly but misjudged scale. Provisional scoring only — confirmed 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 opened lower at 6,528.77, recovered to a high of 6,614.39 by 10:22, then sold off steadily to close at 6,467.77, down 5.85%.

KOSPI snapshotOpen6500.88· High6614.39(10:22) · Low6400.81(09:17) · Last6471.17
KOSDAQ snapshotOpen808.9· High840.5(10:10) · Low804.02(09:01) · Last824.46
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

Chips drove both turnover and losses on August 19 (2026) as SK hynix and Samsung Electronics hit session lows in the final hour before a partial close-end recovery.

Top 10 by trading value — prior close · open · gap · high (time) · last · change · low (time)
StockPrior closeOpenGapHigh (time)CloseChangeLow (time)
SK hynix1,662,0001,545,000−7.04%1,559,000 (10:20)1,500,000−9.75%1,486,000 (15:09)
Samsung Electronics268,500251,500−6.33%254,500 (10:15)247,500−7.82%246,500 (15:13)
Samsung Electro-Mechanics1,440,0001,357,000−5.76%1,431,000 (10:20)1,387,000−3.68%1,350,000 (09:00)
SK Square1,135,0001,030,000−9.25%1,042,000 (10:22)1,004,000−11.54%993,000 (09:26)
Samsung Electronics (Pref.)188,300176,400−6.32%178,700 (10:23)173,700−7.75%172,700 (09:05)
Hanwha Aerospace1,146,0001,255,000+9.51%1,255,000 (09:02)1,177,000+2.71%1,150,000 (09:45)
SK eternix58,50056,400−3.59%60,700 (09:10)57,800−1.20%55,000 (09:16)
Hyundai Motor435,000416,000−4.37%422,500 (10:30)414,000−4.83%406,500 (09:27)
Samsung SDI488,000467,500−4.20%501,000 (10:21)487,000−0.20%466,000 (09:00)
LG Electronics208,011198,400−4.62%210,500 (10:07)201,500−3.13%197,300 (09:00)

The KOSPI touched its session low of 6,400.81 at 09:17 and its high of 6,614.39 at 10:22, after which the index drifted progressively lower through the afternoon; SK hynix reached its intraday low of ₩1,486,000 at 15:09 before the simultaneous-quote close.On NextTrade (NXT) — Korea’s Alternative ExchangeA licensed alternative trading system that operates alongside the KRX (Korea Exchange), allowing extended-hours trading in pre-market, main, and after-market sessions.NXT data provides a real-time breadth snapshot during the KRX session and is the main venue for extended-hours price discovery for Korean equities. (the alternative exchange, 20-minute delayed snapshot as of 15:25 KST), 490 names declined against 103 advances among 608 listed securities, with combined NXT turnover of ₩11,394.1bn; these are NXT-only figures and are not confirmed final.

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

Foreigners and institutions jointly sold ₩3.49tn on KOSPI as the index closed at 6,467.77, down 5.85%, on Wednesday, August 19 (2026).

Foreign investors → retail · KOSPI (same-day correlation)Retail investors-0.849 (moves almost exactly opposite)· KOSPI0.515 (tends to move in the same direction)
Investment firms → retail · KOSPI (same-day correlation)Retail investors-0.614 (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)· KOSPI0.021 (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 and Samsung Electronics together accounted for ₩12.04tn in KOSPI turnover, with both names down 9.75% and 7.82% respectively.

Of the ten most-traded KOSPI names by turnover on Wednesday, August 19 (2026), nine closed lower, with SK hynix (₩6,382.8bn) and Samsung Electronics (₩5,657.1bn) accounting for the bulk of the session’s volume at a combined ₩12,039.9bn.Hanwha Aerospace was the sole gainer among the top ten, adding 2.71% on ₩486.8bn in turnover; Samsung Electro-Mechanics led the mid-tier decliners at –3.68% on ₩1,021.8bn.

Top 10 by turnover (KOSPI)
StockCloseChangeTurnoverForeign investorsInstitutionsInvestment firmsPension fundsRetail investors
SK hynix₩1,500,000−9.75%₩6.38tn−₩1.83tn−₩471.9bn−₩567.8bn+₩28.7bn+₩2.22tn
Samsung Electronics₩247,500−7.82%₩5.66tn−₩1.04tn−₩733.5bn−₩665.1bn+₩3.3bn+₩1.69tn
Samsung Electro-Mechanics₩1,387,000−3.68%₩1.02tn−₩149.9bn+₩1.2bn+₩18.4bn−₩4.5bn+₩140.5bn
SK Square₩1,004,000−11.54%₩633.4bn−₩216.5bn−₩23.3bn−₩2.1bn−₩6.4bn+₩233.4bn
Samsung Electronics (Pref.)₩173,700−7.75%₩518.5bn−₩133.8bn−₩41.6bn+₩2.9bn−₩9.8bn+₩166.3bn
Hanwha Aerospace₩1,177,000+2.71%₩486.8bn−₩92.8bn+₩55.4bn−₩1.3bn+₩43.7bn+₩36.8bn
SK eternix₩57,800−1.20%₩226.9bn−₩4.3bn+₩13.5bn+₩5.6bn+₩0.0bn−₩8.6bn
Hyundai Motor₩414,000−4.83%₩220.1bn−₩22.6bn−₩23.1bn−₩11.7bn−₩3.5bn+₩44.5bn
Samsung SDI₩487,000−0.20%₩192.5bn+₩8.0bn−₩4.7bn−₩1.9bn−₩7.1bn−₩3.1bn
LG Electronics₩201,500−3.13%₩174.1bn+₩2.3bn−₩15.6bn−₩8.6bn+₩6.4bn+₩12.7bn
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

Semiconductors led declines on both boards while construction and defense names posted the session’s notable gains against an otherwise broadly lower market.

KOSPI
Gainers · relative strength5 (KOSPI)
Jobi+17.74%[Pattern]Turnover ₩51.2bn · machine ranking
Busan Industry+14.29%[Pattern]Turnover ₩11.1bn · machine ranking
Doosan Fuel Cell+9.94%[Pattern]Turnover ₩58.4bn · machine ranking
ZI&D+7.92%[Pattern]Turnover ₩25.4bn · machine ranking
Hyundai E&C+5.81%[Pattern]Turnover ₩97.3bn · machine ranking
Decliners5 (KOSPI)
DN Automotive−13.85%[Pattern]Turnover ₩32.8bn · machine ranking
SK Square−11.54%[Pattern]Turnover ₩633.4bn · machine ranking
Samsung Life Insurance−11.11%[Pattern]Turnover ₩137.3bn · machine ranking
SK hynix−9.75%[Pattern]Turnover ₩6.38tn · machine ranking
Kumho E&C−9.68%[Pattern]Turnover ₩40.4bn · machine ranking
KOSDAQ
KOSDAQGainers5
Bionia+29.99%[Pattern]Turnover ₩11.4bn · machine ranking
Hanchem+29.94%[Pattern]Turnover ₩41.9bn · machine ranking
Hwashin Precision+29.79%[Pattern]Turnover ₩58.9bn · machine ranking
Ananti+18.89%[Pattern]Turnover ₩250.4bn · machine ranking
Sensorview+18.75%[Pattern]Turnover ₩29.6bn · machine ranking
KOSDAQDecliners5
Ingenia Therapeutics (Reg.S)−21.62%[Pattern]Turnover ₩535.6bn · machine ranking
PS Electronics−10.88%[Pattern]Turnover ₩41.1bn · machine ranking
Justem−8.83%[Pattern]Turnover ₩12.2bn · machine ranking
Sungho Electronics−8.21%[Pattern]Turnover ₩21.0bn · machine ranking
G2 Power−8.18%[Pattern]Turnover ₩10.1bn · machine ranking

Among KOSPI names with turnover above ₩100bn, the heaviest decliners included SK Square (–11.54%), Samsung Life Insurance (–11.11%), SK hynix (–9.75%), and Samsung Electronics (–7.82%), clustering the session’s losses heavily in financials and technology.Gainers on volume were fewer and smaller: Jobee (+17.74%), Busan Industry (+14.29%), Doosan Fuel Cell (+9.94%), and Hyundai E&C (+5.81%) were among the standout advances. On KOSDAQ, Ingenia Therapeutics (Reg.S) fell 21.62% on ₩535.6bn in turnover, while Bioneer (+29.99%), HanChem (+29.94%), and Hwashin Jeonggong (+29.79%) led the upside.

08 · After lookas of 15:53 KST on 2026-08-19

After-Hours Outlook

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

Broad selling and a provisional crash-signal score of 3 leave the after-market watch focused on semiconductor names and futures positioning.

The crash-precursor score stood at 3 at the close (signals triggered: Advance-Decline Ratio (ADR)The ratio of the number of rising stocks to the number of falling stocks in a given market on a given day.An ADR well below 1.0 signals that weakness is broad rather than concentrated in a few large-caps, making the decline harder to attribute to any single stock or sector. and short-surge surge), with the volatility reading at the 93rd percentile on an expanding-window basis in the current 2026 regime; in the 2026 regime, short-surge events of this type have been followed by a KOSPI return averaging –0.43% over five days in 114 observations, with a downside probability of 51%.Foreign investors net sold –4,361 KOSPI futures contracts today (provisional), reversing Monday’s net buy of +808 contracts; in the 2026 regime across 152 sample days, foreign futures net selling on the same day as large foreign spot selling has shown a same-day correlation of 0.515 with the KOSPI, while the one-day-lag correlation is 0.162 — directional persistence is present but not guaranteed.

Source: Korea Exchange · NXT · Actual measurement · Reference ★Preliminary — Source correction in progress (FDR 6467.77 / Naver 6471.17) · 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.