Benchmark
KOSDAQ is South Korea's secondary stock market, run by the Korea Exchange since 1996 for small- and mid-cap and tech-growth companies.
Korea Exchange activated a buy-side sidecar on KOSDAQ at 12:55 p.m. Friday as the index rose 5.27% to 800.90, a day after closing down 7.65%. That recovers about 64% of the point loss; the reports do not include turnover data to test the liquidity case.
Reality
Seoul's Kospi fell 7.57% to 5,554.22 on Thursday, tripping a sidecar and a 20-minute circuit breaker as Samsung Electronics and SK hynix sank. The reports carry prices and flows but no valuations, and say nothing about whether chip shares were overpriced.
Perspective Coverage
4 publishersReality
Kospi was down 7.77% at 10:30 a.m. Thursday as foreign investors extended net selling to eight sessions, Korea JoongAng Daily reported. Domestic buyers took about 91% of what foreigners sold.
Reality
Korean courts declared bankruptcy in 4 of 131 petitions filed against KOSDAQ companies since January 2016, Korea Exchange data show. Because a filing can halt trading before any judge rules, shareholders outside the creditor dispute bear the cost of weak claims.
Reality
HLB is preparing a fourth FDA filing for its liver cancer drug rivoceranib after both manufacturing sites tied to it received VAI inspection ratings. Manufacturing problems ran through all three rejections, so those ratings say more about rivoceranib's odds than HLB's first FDA approval does.
Reality
Korea's KOSDAQ rose 4.24% this month through Oct. 11 while the KOSPI fell 3.1%, Korea Exchange figures show. Seoul Economic Daily reported that the buying is concentrated in chip materials and equipment suppliers, so anyone buying the small-cap index is holding a narrow bet on chip spending.
Reality
Korea Exchange has deferred further delistings under its tougher market-cap rule, but trading stays suspended in eight companies it had already decided to delist. Their holders cannot sell, and the exchange's plan to challenge the ruling behind the pause leaves no date for trading to resume.
Reality
South Korea's KOSDAQ closed at 919.92, its first finish above 900 since July, as seven back-end chip suppliers averaged 54.86% gains since Sept. 1. The gains price in more AI spending by the big chipmakers, so the index still depends on Samsung and SK hynix budgets while their shares lag.
Reality
Parataxis Ethereum dropped its takeover of Parataxis Korea and a 29.77 million-share issue, citing appraisal claims that could drain its cash. Parataxis Korea's holders keep a stock suspended since Aug. 21 instead of listed shares due in January.
Reality
Korea's 10 most-bought ETFs took in 5.35 trillion won over a month and averaged 0.83%, while KOSDAQ supplier funds led the return table at 26% to 32%. Earnings season will test whether 2.17 trillion won parked in two cash funds follows them.
Reality
Seoul's Southern District Court voided the Korea Exchange's market-cap delisting rule, freezing two removals as about 30 KOSDAQ firms face the same test. Until the exchange adds a right of objection, any removal on market value alone is likely to end up before a judge.
Reality
KOSPI rose 1.95% to 6,971.35 on October 1 as Korea's September chip exports hit a record $60.3 billion, reversing a yield-driven early dip. The session shows chip news can beat US rate pressure for a day. How long it can keep doing so depends on how long the memory shortage lasts.
Reality
Samsung, Mirae Asset and KB are selling a 600 billion won National Growth Fund II with a loss buffer of 18.8% to 23.3%, up from 17.5% to 20.8%. State money and manager capital sit beneath savers, who also collect tax breaks for locking money up for five years.
Reality
Skylabs and Ingenia Therapeutics priced at or below the floor of their indicative ranges after institutions pledged 0.17% and 2.23% of bids to lockups. Both stocks have since traded above the top of those ranges.
Reality
Celltrion Healthcare's 1.0088 trillion won in 2017 still stands alone, and Yanolja, Viva Republica and Galaxy Corporation are all pursuing US listings while KOSDAQ turnover runs at less than half January's.
Reality
The Korean manager's second ETF lists next month with SK hynix and Samsung Electronics at 15% apiece, half the 60% it must keep in domestic stocks. The discretion it is selling sits in the eight suppliers around them.
Reality
Of 1,548 caution and risk designations since 2022, prices were lower 20 trading days later in 1,050 cases and down more than 30% in 398, while individuals were net buyers of 13 of the 41 stocks flagged in August.
Reality
KRX scrapped 10-minute single-price matching for continuous trading between 4 p.m. and 8 p.m., and on the first day the biggest movers round-tripped, with Hanwha Galleria finishing about 0.9% below its regular-session close.
Reality
Core CPI at 0.3% for August pushed futures to 86% from 69% on a September Fed hike, and Seoul's open took SK hynix down 5.24% to 1.717 million won. Philadelphia's semiconductor index had closed 1.81% higher on the 11th.
Reality
From September 14 KRX will match orders continuously between 4 and 8 p.m., taking limit orders only, capping moves at 30% and leaving ETFs and ETNs out, with 38 brokerages covering 95.2% of volume signed up.
Reality