{"id":113742,"date":"2026-08-09T14:15:16","date_gmt":"2026-08-09T14:15:16","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/113742\/"},"modified":"2026-08-09T14:15:16","modified_gmt":"2026-08-09T14:15:16","slug":"more-than-half-of-stocks-rise-even-on-down-days-as-kospi-builds-strength","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/113742\/","title":{"rendered":"More Than Half of Stocks Rise Even on Down Days as KOSPI Builds Strength"},"content":{"rendered":"

\"TheThe KOSPI closed at 6,258.77 on the 7th, down 37.61 points (0.60%) from the previous session. Newsis<\/p>\n

More than half of all shares on South Korea’s stock market rose even during a recent bout of weakness, data showed, a sign that analysts say points to strengthening underlying health across the market.<\/p>\n

In the first half of this year, the KOSPI often climbed while more stocks fell than rose \u2014 an “index illusion.” That gap is now closing as gains spread to previously neglected shares, according to analysts.<\/p>\n

During the first week of August (Aug. 3\u20137), the KOSPI rose on two days and fell on three, trading between the 6,000 and 6,600 levels, the Korea Exchange (KRX) said. After surging 17.91% on July 31 to close at 6,595.45, the index entered a consolidation phase, catching its breath while firming up near its lows. But the share of stocks that advanced sent a positive signal.<\/p>\n

On the two days the index rose during the first week of August, an average of 78.7% of stocks advanced. Even on the three days the index fell, an average of 53.3% of stocks still rose. In other words, more than half of all shares gained even on down days \u2014 far above this year’s average of 30.9% of stocks rising on days when the index declined.<\/p>\n

\"null<\/p>\n

That marks a contrast with June, when the KOSPI was pushing toward record highs and broke through the 9,000 level. In June, even on days when the index rose, an average of only 44.2% of stocks advanced \u2014 below this year’s average of 52.6% for up days. A handful of leaders such as Samsung Electronics (005930.KS) and SK hynix (000660.KS) pulled the index higher, while more than half the market fell, underscoring how heavily gains were concentrated in semiconductors. Down days were worse: on falling days in June and July, only 29.4% and 33.1% of stocks rose, respectively, meaning most shares plunged together in declines. By comparison, the first week of August showed a firmer floor even amid the index’s weakness, analysts said.<\/p>\n

Volatility is also settling. The absolute value of the KOSPI’s average daily move narrowed to 3.14% in August, from 3.57% in June, a month of sharp gains, and 4.89% in July, a month of steep losses. That is approaching this year’s overall daily average of 2.98%, a sign of calming. Average daily trading value has also fallen, to 26.19 trillion won ($18.9 billion) in August from 50.35 trillion won in June and 36.88 trillion won in July. Trading has dried up since the index’s sharp drop, reducing volatility.<\/p>\n

Analysts describe the first week of August as a “healthy rotation” in which money moved from semiconductors \u2014 as the sector’s distorting effect cleared \u2014 into previously overlooked sectors such as power equipment, secondary batteries, finance and biotech, allowing the market to firm up near its lows. One securities industry official said the drop in trading value was disappointing in terms of market vigor but could be seen as a process in which panic selling and forced liquidation of leveraged positions are being cleared out and volatility is shrinking. If the index firms up near its lows, the official said, it is likely to move toward a full-fledged rebound after passing through a phase led by individual stocks.<\/p>\n","protected":false},"excerpt":{"rendered":"The KOSPI closed at 6,258.77 on the 7th, down 37.61 points (0.60%) from the previous session. Newsis More…\n","protected":false},"author":2,"featured_media":113743,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[457],"tags":[58494,337,335,864,58495,276,14320,275],"class_list":["post-113742","post","type-post","status-publish","format-standard","has-post-thumbnail","category-korea-exchange","tag-advancing-stocks-ratio","tag-korea-exchange","tag-kospi","tag-krx","tag-market-breadth","tag-samsung-electronics","tag-sector-rotation","tag-sk-hynix"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/113742","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=113742"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/113742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/113743"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=113742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=113742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=113742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}