KOSPI closes 0.4 percent lower after ASML outlook
Published on 10/14/2026 at 13:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSForeign selling reverses Seoul gains
- KOSPI closed at 6,009 points on October 14, down 27 points or 0.4 percent.
- ASML's 11.7 billion EUR sales outlook revived concerns about chip demand and AI spending.
- CJ ENM jumped 6.9 percent, while SK hynix fell 1.7 percent at the close.
- U.S. CPI is due at 8:30 a.m. ET on October 14, with headline inflation forecast at 3.6 percent.
KOSPI closed at 6,009 points on October 14, losing 27 points or 0.4 percent after an early rally faded. The index fell as foreign selling returned to semiconductor shares ahead of U.S. inflation data, Yonhap reported.
CJ ENM was the strongest major mover, rising 6.9 percent. SK hynix fell 1.7 percent as chip stocks lost their early support.
Why did the KOSPI reverse lower?
The KOSPI opened at 6,062 points and climbed as high as 6,191 points before turning lower. It later reached 5,945 points before recovering near the close, according to Seoul Economic Daily.
Foreign investors sold a net 1.18 trillion won, while institutions bought 808.3 billion won. The index initially rose after New York Fed President John Williams said further monetary tightening next year was unnecessary.
Gains faded after ASML's revised sales outlook disappointed investors despite strong third-quarter results. The semiconductor equipment maker posted 11.7 billion EUR in sales, while its outlook renewed concerns about AI spending and memory-chip demand, Yonhap said.
Winners and losers in the KOSPI
Closing movers and market breadth came from Yonhap:
- CJ ENM up 6.9 percent: the production studio led the reported gainers.
- SK Innovation up 4.1 percent: the oil refiner advanced with the sector.
- LG Energy Solution up 2.9 percent: battery shares attracted buying.
- Hanmi Semiconductor down 5.0 percent: chip equipment shares weakened after ASML's outlook.
- SK hynix down 1.7 percent: foreign selling hit memory stocks.
- Samsung Electronics unchanged: the company closed at 232,000 won.
Advancers outnumbered decliners 502 to 369. Trading volume reached 350.8 million shares, worth 19.9 trillion won.
What comes next for the KOSPI
- October 14, 2026, 8:30 a.m. ET: U.S. September consumer price index data are due; headline inflation is forecast at 3.6 percent versus 3.4 percent previously, Investing.com reports.
- October 15, 2026, 9:00 a.m. KST: KOSPI trading resumes after the October 14 close.
- October 15, 2026, 8:30 a.m. ET: U.S. September producer prices, retail sales and jobless claims are scheduled, with retail sales forecast at 0.3 percent month over month, InvestingLive reports.
