South Korean Stock Exchange Alienated by 'Trump Rally, Bitcoin Soaring' Why?

[Anchor]
After former U.S. President Trump's victory in the presidential election, foreign selling has intensified, deepening the slump in our stock market.

The anxiety caused by Trump's high tariff policy is weighing on our stock market, and some are pessimistic that we can expect a turnaround until early next year when his pledges become visible.

Reporter Ryu Hwan-hong reports.

[Reporter]
Our stock market, which briefly cheered the opposition party's stance to abolish financial investment income tax, has been losing steam after former U.S. President Trump's victory in the presidential election.

The KOSPI fell for the third day, falling 5.2% compared to the beginning of the year, and the KOSDAQ index fell 17% compared to the beginning of the year due to the deeper decline.

That's in stark contrast to a 15% gain for the Dow, 18.8% for the Nikkei 225 and 21.7% for the Hang Seng since the start of the year.

Foreign investors, who had a net buying advantage in the first half of the year, turned to net selling in the second half of the year,

Foreign net selling exceeded KRW 14.7 trillion in the KOSPI market for three months from August to October.

Foreign selling was mainly focused on semiconductor stocks,
The trend of
has become stronger since the U.S. presidential election, and when comparing semiconductor stocks' yields before and after the U.S. presidential election, Samsung Electronics' decline in yields is noticeable.

[Lee Nam-woo/Professor of Yonsei University Graduate School of International Studies: Samsung Electronics, which has a technological edge, is no longer such thing, but behind the scenes, problems in organizational affairs, leadership, various corporate cultures, and governance, Samsung itself is not able to come up with any breakthrough solution.]

Since Trump's election, the slump in our stock market has deepened, with pessimistic predictions that the atmosphere of recession will continue until early next year, when his tariff policy becomes visible and uncertainties are resolved to some extent.

[Huh Jae-hwan / Managing director of Eugene Investment & Securities: After taking office in January next year, I think that if uncertainty is confirmed, the stock market will generally escape from the current slump rather than any slump.]

As the New York stock market continues its "Trump Rally," investment in Seo Hak-ant has increased 1.5 times, and the size of virtual asset transactions overtake the stock market due to the soaring Bitcoin price, the sense of alienation in our stock market is growing.

I'm YTN's Ryu Hwan Hong.

Reporter: Hong Seong-no