00:08QoSDAQ INDEX PRODUCT
00:30The money did not leave the market. It moved.
00:33It's Tuesday, August 11th.
00:36Let's look at what this means for retail investors in Korea.
00:40On July 31st, regulators tightened rules on single-stock leveraged products.
00:45Capital that had crowded into those products began looking for another destination.
00:50It found QoSDAQ, the smaller cap index left behind during the semiconductor rally.
00:56Here's what the numbers show.
00:58QoSDAQ closed at 854.47, up 55.66 points, or 6.97%,
01:06and 32.5% above its July 30th level of 644.78.
01:14Institutions bought a net 1.52 trillion won, roughly $1.1 billion, over seven sessions,
01:22while foreign investors added 105.4 billion won, about $75 million, on the day.
01:29Of 1,820 QoSDAQ-listed companies, 1,431 rose, and 236 fell.
01:38SK Hynix fell 41.36% from 2.425 million won to 1.422 million won a share, roughly $1
01:49,730 to $1,015, between July 3rd and August 10th.
01:56SK Group's share of total conglomerate trading value dropped to 35.08% from 51.67% in early July,
02:07narrowing its gap with Samsung Group to 1.61 percentage points.
02:11Institutional buying concentrated in electronics and semiconductor materials at 384.3 billion won, about $275 million,
02:23and QoSDAQ Pharmaceuticals at 169.3 billion won, roughly $121 million.
02:31So, what does this mean for retail investors holding Korean equities?
02:35Earlier, we said the money did not leave the market, it moved.
02:39Here's what that actually means for you.
02:42A 32.5% index move in seven sessions came from flows rather than earnings,
02:48and the research heads quoted on it are openly split between a short-term bounce and the start of a
02:53trend.
02:54That split matters more than the index level, because if semiconductor large caps rebound,
03:00the same money can rotate straight back out.
03:03Watch the second quarter earnings season for confirmation that semiconductor materials and biotech profits are actually improving.
03:11Watch whether SK Hynix and Samsung Electronics stabilize,
03:15since a large cap rebound could pull flows back out of QoSDAQ.
03:18Watch policy follow-through on delisting rules and the proposed QoSDAQ segment reform.
03:25That's today's AI Prism, Retail Investors.
03:29This episode was produced with AI assistance based on Seoul Economic Daily reporting,
03:34and reviewed by a human editor.
03:37AI Prism is a Juan Ifra award-winning series.
03:40We'll be back tomorrow.
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