20260829 Domestic Economic Issues

🗂KOSPI Plunges to 6,780 Amid Jackson Hole Caution and Semiconductor Sell-off Fueled by indiscriminate selling from foreign and institutional investors, Samsung Electronics (-3.38%) and SK Hynix (-4.45%) saw sharp declines, dragging the KOSPI down 1.79% to close at 6,788.88. The impact of the Bank of Korea's interest rate hike, coupled with external headwinds, intensified downward pressure on the index. 🗂Won/Dollar Exchange Rate Ends Lower at 1,372 Won Amid Influx of Export Firm Dollar Sales Despite the stock market crash, the won/dollar exchange rate in the Seoul foreign exchange market closed at 1,372.5 won, down 8.4 won from the previous day. This was influenced by month-end dollar selling (negotiation) from exporters and the Bank of Korea's surprise monetary policy shift. 🗂KOSDAQ Market Shows Relative Defense as Mid/Small-Cap Stock Demand Differentiation Continues The KOSDAQ index managed to hold its ground, closing slightly up 0.09% at 831, supported by retail investors' bargain hunting. Funds exiting large-cap semiconductor stocks are showing a trend of being reallocated to individual theme stocks in secondary battery and bio/pharmaceutical sectors.