As AI ‘Slowdown Theory’ Gains Traction… Foreign Investors Sell 2.7 Trillion Won Worth of KOSPI Stocks
Opened at 6,692.61, down 3.14%
Losses Narrow to the High 2% Range During the Trading Session
Samsung and INICS Corporation Fall in Tandem Amid Concerns Over 'AI Slowdown'
[E-Daily Reporter Kwon Oh Seok ] The KOSPI, which opened lower on the 14th amid concerns over “AI (artificial intelligence) slowdown,” is trading lower as it struggles to withstand selling pressure from foreign investors. However, it has managed to partially recover its intraday losses. Employees are working in the trading room at Hana Bank’s headquarters in Jung-gu, Seoul, on the 14th. (Photo = Yonhap News) According to MP Doctor on the 14th, the KOSPI opened at 6,692.61, down 217.30 points (3.14%) from the previous trading day, and as of 1:56 p.m., it was trading at 6,714.09, down 195.82 points (2.83%). So far today, retail investors are the only group showing net buying on the KOSPI market, with 2.2188 trillion won, while foreign and institutional investors are net sellers of 2.7605 trillion won and 693.8 billion won, respectively. By trading type, combined arbitrage and non-arbitrage trades show a net selling position of 2.3018 trillion won. Investor sentiment in the domestic stock market appears to have cooled as CEOs of global big tech companies argue that the pace of AI development should be slowed. Earlier, on the 13th (local time), according to Reuters and other sources, Sam Altman, CEO of OpenAI, announced that he would not proceed with the IPO scheduled for this year, stating, “We will address safety and alignment challenges first.” Furthermore, NBC News reported on the 11th that Joe Benton, a former employee of Anthropic, and Josh Engels, a former Google employee, spoke out in interviews about the risks of AI. Dario Amodei, CEO of Anthropic, also posted on his blog warning of the potential for AI misuse and urging that the pace of model development be slowed to establish safety measures. Consequently, SamsungElectronics(005930)is trading at 250,250 won, down 9,250 won (3.56%) from the previous trading day, while SK hynix(000660)is trading at 1,708,000 won, down 104,000 won (5.74%). Meanwhile, the KOSDAQ index opened at 806.27, down 14.37 points (1.75%) from the previous trading day, and is currently trading at 811.01, down 9.63 points (1.17%) at the same time. In the KOSDAQ market, retail investors are the only group showing net buying, at 128.5 billion won, while foreign and institutional investors are net sellers of 104.8 billion won and 29.5 billion won, respectively. By trading type, combined arbitrage and non-arbitrage trading shows a net selling position of 112.1 billion won.
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