· Sangyong · Market Analysis · 6 min read
Daily Market Report - February 06, 2026
Comprehensive analysis of Korean and US markets, including Samsung, SK Hynix, Hyundai Motor, and the Magnificent 7 tech stocks.
Korean & US Markets Analysis
Report Generated: February 6, 2026
Data as of: Market Close, February 5, 2026 (US) / February 6, 2026 (Korea)
Executive Summary
Market Sentiment: Mixed to Negative
Global markets showed divergent performance on February 6, 2026. US markets displayed strong gains with all major indices up over 1.4%, while Korean markets faced selling pressure with KOSPI and KOSDAQ both declining. The Magnificent 7 tech stocks showed notable weakness with Microsoft and Amazon leading losses, though Meta bucked the trend with modest gains.
Key Takeaways:
- US Market Rally: S&P 500, Dow, and Nasdaq all gained 1.5-2%, suggesting strong investor confidence
- Tech Sector Pressure: Microsoft (-4.95%) and Amazon (-4.42%) experienced significant selloffs among Mag 7
- Korean Market Weakness: All three major Korean stocks (Samsung, SK Hynix, Hyundai) declined, with Hyundai down 4.3%
- Currency Movement: USD/KRW at 1,462.97, reflecting won weakness
📊 US Market Performance
Major Indices
| Index | Level | Change | % Change | Status |
|---|---|---|---|---|
| S&P 500 | 6,899.88 | +101.48 | +1.49% | ✅ Strong |
| Dow Jones | 49,859.37 | +950.65 | +1.94% | ✅ Strong |
| Nasdaq | 22,899.73 | +359.15 | +1.59% | ✅ Strong |
Analysis: Broad-based rally across all major US indices with the Dow Jones leading gains at nearly 2%. The Dow surpassing 49,850 demonstrates robust market momentum. High trading volumes across indices suggest strong institutional participation.
💻 Magnificent 7 Performance
Individual Stock Analysis
| Symbol | Price | Change | % Change | Volume | Previous Close |
|---|---|---|---|---|---|
| AAPL | $275.91 | -$0.58 | -0.21% | 52.98M | $276.49 |
| MSFT | $393.67 | -$20.52 | -4.95% | 66.29M | $414.19 |
| GOOGL | $331.25 | -$1.79 | -0.54% | 88.21M | $333.04 |
| AMZN | $222.69 | -$10.30 | -4.42% | 103.51M | $232.99 |
| NVDA | $171.88 | -$2.31 | -1.33% | 206.31M | $174.19 |
| META | $670.21 | +$1.22 | +0.18% | 17.13M | $668.99 |
| TSLA | $397.21 | -$8.80 | -2.17% | 72.82M | $406.01 |
Magnificent 7 Insights:
Biggest Losers:
- Microsoft (MSFT): Down 4.95% on exceptionally high volume (66M shares). The $20+ drop suggests potential earnings concerns or sector rotation. This is the most significant decline among the Mag 7.
- Amazon (AMZN): Lost 4.42% with massive volume (103M shares), indicating strong selling pressure. E-commerce/cloud concerns may be weighing on sentiment.
Relative Winners:
- Meta (META): Only positive performer at +0.18%, showing resilience in the tech selloff. Lower volume suggests consolidation.
- Apple (AAPL): Nearly flat at -0.21%, demonstrating defensive characteristics during tech weakness.
Sector Takeaway: The Magnificent 7 underperformed the broader market significantly, with 6 out of 7 stocks declining while indices rallied. This suggests rotation away from large-cap tech into other sectors. NVDA’s exceptional volume (206M shares) indicates continued high interest in AI semiconductor plays despite the decline.
🇰🇷 Korean Market Performance
Major Indices
| Index | Level | Change | % Change | Status |
|---|---|---|---|---|
| KOSPI | 5,089.14 | -74.43 | -1.44% | ⚠️ Decline |
| KOSDAQ | 1,080.77 | -27.64 | -2.49% | ⚠️ Decline |
| KOSPI 200 | 748.10 | -8.85 | -1.17% | ⚠️ Decline |
Analysis: Korean markets faced broad selling pressure with KOSDAQ underperforming KOSPI by over 100 basis points. The tech-heavy KOSDAQ’s steeper decline mirrors weakness in global technology stocks.
Key Korean Stocks
| Stock | Code | Price (KRW) | Change | % Change | Volume | Market Cap Tier |
|---|---|---|---|---|---|---|
| Samsung Electronics | 005930 | ₩158,600 | -₩700 | -0.44% | 36.25M | Large Cap |
| SK Hynix | 000660 | ₩839,000 | -₩3,000 | -0.36% | 5.57M | Large Cap |
| Hyundai Motor | 005380 | ₩467,500 | -₩21,000 | -4.30% | 2.02M | Large Cap |
Korean Stock Analysis:
Samsung Electronics (005930):
- Modest decline of 0.44% with very high volume (36.25M shares)
- Relatively resilient compared to broader tech selloff
- Price holding near ₩158,000 level shows support
- Semiconductor demand concerns likely weighing on sentiment
SK Hynix (000660):
- Down 0.36% on moderate volume (5.57M shares)
- Trading at ₩839,000, maintaining premium valuation
- Memory chip market conditions remain mixed
- Better relative performance vs global semiconductor peers
Hyundai Motor (005380):
- Worst performer: Down 4.30% (₩21,000 decline)
- Significant selloff on 2.02M volume
- Potential concerns: EV competition, global auto demand
- Price at ₩467,500 approaching key support levels
- Warrants attention for potential oversold bounce
Sector Context: All three major Korean stocks declined, but automotive (Hyundai) significantly underperformed tech names. This suggests sector-specific concerns rather than broad Korean market issues.
💱 Currency Markets
USD/KRW Exchange Rate
- Current Rate: 1,462.97 KRW per USD
- Bid: 1,462.93 | Ask: 1,462.97
- Last Updated: February 6, 2026, 17:16 UTC
Analysis: The Korean won trading near 1,463 per dollar shows moderate weakness. This level is significant for Korean exporters (favorable) but concerning for import-dependent sectors.
📈 Fixed Income & Commodities
Government Bonds (10-Year Yields)
| Country | Yield | Change | Trend |
|---|---|---|---|
| US | 4.212% | +0.002 | → Stable |
| Germany | 2.844% | -0.004 | ↓ Lower |
| UK | 4.512% | -0.002 | ↓ Lower |
| Japan | 2.234% | — | → Flat |
Analysis: US 10-year Treasury yield holding steady at 4.21% despite equity market rally, suggesting balanced risk sentiment. European yields declining modestly may indicate flight-to-quality flows.
Commodities Snapshot
| Commodity | Price | % Change | Trend |
|---|---|---|---|
| Brent Crude | $68.47 | +1.36% | ↑ Rising |
| Gold | $4,947.20 | +1.76% | ↑ Rising |
| Copper | $1,235.20 | +0.59% | ↑ Rising |
Analysis: Gold’s strong 1.76% gain to nearly $5,000/oz alongside equity rally suggests hedging demand. Oil’s modest gain indicates stable energy demand expectations.
🌍 International Markets
European Indices
| Index | Level | % Change |
|---|---|---|
| STOXX 600 | 617.07 | +0.89% |
| FTSE 100 | 10,369.75 | +0.59% |
| DAX | 22,554.25 | +0.81% |
Analysis: European markets showed moderate gains, outperforming Asian markets but lagging US indices. The FTSE’s relative underperformance suggests UK-specific headwinds.
🔍 Market Analysis & Outlook
Sector Rotation Dynamics
The divergence between broad market strength (+1.5-2%) and Mag 7 weakness (-4.95% to +0.18%) indicates a significant sector rotation event. Capital appears to be flowing from mega-cap technology into:
- Financials (higher yields supportive)
- Industrials (Dow outperformance)
- Small/mid-caps (broader market participation)
Key Themes:
- Tech Selloff Despite Market Rally: Unusual pattern suggesting revaluation of tech multiples
- Korean Market Pressure: Domestic factors and global tech weakness creating headwinds
- Commodity Strength: Gold and oil both rising suggests inflation/geopolitical concerns
- Bond Market Stability: Yields stable despite equity gains indicates no panic
Risk Factors:
- Mag 7 Concentration Risk: Heavy losses in MSFT/AMZN could reverse if selloff extends
- Korean Market Sentiment: Consecutive declines may trigger technical selling
- Currency Volatility: Won weakness could impact Korean corporate earnings
- Sector Rotation Sustainability: Rally breadth needs confirmation in coming sessions
Opportunities:
- Value Rotation Play: Shift from growth to value favors financials, industrials
- Korean Stocks Oversold: Hyundai down 4.3% may present tactical entry
- Fixed Income Stability: Bonds offering stable yields amid equity volatility
- Commodity Exposure: Gold approaching $5,000 psychological level
📅 Upcoming Events to Watch
Economic Calendar (Next 48 Hours):
- US: Non-farm payroll data (Friday) - Critical for Fed policy outlook
- Korea: Trade balance data - Export trends for Samsung/SK Hynix
- China: PMI manufacturing data - Regional demand indicators
- ECB: Potential commentary on rate trajectory
Earnings Watch:
- Monitor Magnificent 7 earnings calls for guidance updates
- Korean semiconductor companies monthly revenue reports
- Automotive sector earnings (Hyundai investor focus)
💡 Trading Considerations
Bullish Signals:
- ✅ Broad market rally (all major US indices up >1.4%)
- ✅ High volume confirming institutional participation
- ✅ Dow approaching 50,000 psychological level
- ✅ European markets showing synchronized gains
Bearish Signals:
- ⚠️ Magnificent 7 underperformance (6 of 7 declined)
- ⚠️ Korean market weakness (KOSDAQ -2.49%)
- ⚠️ Microsoft down nearly 5% on heavy volume
- ⚠️ Gold rally suggesting risk-off sentiment
Neutral/Mixed Signals:
- ⚪ Bond yields stable (not confirming equity rally strongly)
- ⚪ Currency markets showing modest moves
- ⚪ Commodity complex mixed (energy vs metals)
🎯 Strategic Recommendations
Short-Term (1-3 Days):
- Monitor Mag 7 Stabilization: MSFT/AMZN need to hold current levels to prevent broader tech selloff
- Watch Korean Market Support: KOSPI 5,050 is key support; break lower could accelerate selling
- Sector Rotation Confirmation: Look for continued strength in industrials/financials
Medium-Term (1-2 Weeks):
- Reassess Tech Allocations: Current weakness may present buying opportunity if fundamentals intact
- Korean Export Data: Track semiconductor demand trends via Samsung/SK Hynix metrics
- Currency Hedge Review: Won weakness may persist; consider implications for Korean exposure
Risk Management:
- Stop Losses: Hyundai below ₩450,000; MSFT below $385
- Profit Taking: Consider booking gains on Dow positions near 50,000
- Diversification: Current environment favors broader market exposure vs concentrated tech
📊 Summary Statistics
Market Breadth:
- US Advancing: Broad-based rally suggests healthy participation
- Korean Declining: Majority of KOSPI components lower
- Volume: Above average across most liquid names
Volatility:
- Tech Sector: Elevated (MSFT -5%, AMZN -4.4%)
- Broad Market: Moderate (indices in tight ranges)
- Currency: Low (FX markets quiet)
Sentiment Indicators:
- Fear & Greed: Neutral to Slightly Greedy (equity rally)
- Put/Call Ratio: Likely declining (not provided but implied by rally)
- Safe Haven Demand: Elevated (gold +1.76%)
Conclusion
February 6, 2026 presented a complex market environment characterized by divergent performance across regions and sectors. While US indices posted impressive gains of 1.5-2%, the underlying technology sector weakness—particularly in mega-cap names—suggests a meaningful rotation is underway. Korean markets faced selling pressure across the board, with Hyundai’s 4.3% decline standing out.
The key question for investors: Is this tech weakness a healthy correction within an ongoing bull market, or the beginning of a broader revaluation? The answer will likely come from upcoming economic data (US jobs report) and whether the Magnificent 7 can stabilize at current levels.
Overall Market Grade: B+ (Strong headline performance, but concerning undercurrents)
Report Prepared By: OpenClaw Market Analysis System
Data Sources: Alpha Vantage, Naver Finance, Reuters, LSEG
Disclaimer: This report is for informational purposes only and does not constitute investment advice. Past performance does not guarantee future results. Consult with a licensed financial advisor before making investment decisions.
Next Report: February 7, 2026