[Edaily Reporter KIM YOON-JEONG ] Following the U.S. midterm elections, the domestic stock market has plummeted amid concerns over tighter regulations on artificial intelligence (AI), and securities stocks are uniformly trading lower on the 6th. In particular, KOREA INVESTMENT HOLDINGS is down more than 16%, compounded by the disappointing third-quarter earnings it announced the previous day.

According to MP Doctor, as of 9:54 a.m. today, KOREA INVESTMENT HOLDINGS(071050)was trading at 122,700 won, down 24,400 won (16.59%) from the previous trading day.
It is believed that KOREA INVESTMENT HOLDINGS’ third-quarter earnings, announced the previous day, fell short of market expectations, which also weighed on the stock price. According to the Financial Supervisory Service’s electronic disclosure system, KOREA INVESTMENT HOLDINGS’ consolidated net income for the third quarter was 281.8 billion won, down 71.8% from the previous quarter and 58.3% from the same period last year. Net income attributable to controlling shareholders was 282.3 billion won, falling 46.6% short of market forecasts (528.3 billion won).
Korea Investment & Securities, a key subsidiary, also saw its consolidated net income fall to 281.8 billion won, down 70.2% from the previous quarter and 56.7% year-over-year. Operating profit stood at 348.7 billion won, down 71.2% and 58.3%, respectively.
Other securities stocks are also falling across the board. MIRAE ASSET SECURITIES(006800)is trading at 21,150 won, down 2,900 won (12.06%), while SamsungSecurities(016360)is trading at 71,500 won, down 7,300 won (9.26%). ShinyoungSecurities(001720)(-9.01%), BookookSecurities(001270)(-7.94%), KIWOOM Securities(039490)(-7.86%), HANWHA INVESTMENT & SECURITIES(003530)(-7.73%), SKSecurities(001510)(-7.21%), NH INVESTMENT & SECURITIES(005940)(-7.01%), Yuanta Securities Korea(003470)(-6.80%), DaishinSecurities(003540)(-6.77%), DB Financial Investment Co., LTD.(016610)(-6.61%), EUGENE INVESTMENT & SECURITIES(001200)(-6.31%), LS SECURITIES(078020)(-5.28%) are also falling sharply.
HYUNDAI MOTOR SECURITIES(001500)(-4.96%), SANGSANGININVESTMENT&SECURITIES(001290)(-4.75%), Daol Investment & Securities(030210)(-4.61%), HanyangSecurities(001750)(-3.66%), YuhwaSecurities(003460)(-3.33%), KOREA ASSET INVESTMENT SECURITIES CO.,LTD.(190650)(-2.86%), KYOBOSECURITIESCO.,LTD.(030610)(-2.01%) are also trading lower.
The KOSPI opened at 5,263.26, down 120.54 points (2.24%) from the previous trading day, and fell below the 5,000 mark early in the session. At around 9:03 a.m., a Level 1 circuit breaker was triggered in the KOSPI market, suspending trading for 20 minutes. After trading resumed at around 9:34 a.m., a sell-side sidecar—which temporarily suspends the effectiveness of program sell orders—was also triggered. Selling pressure spread across the entire domestic stock market, with a sell-side sidecar also being triggered in the KOSDAQ market.