Why did 402340.KS fall 12.9%?
Sk Square Co Ltd · Industrials
Detected 14 Oct 2026, 9:00 am Sydney time
What moved it
SK Square (402340) fell ~12.91% likely due to broad sector-level selling pressure in Korean tech/semiconductor holdings, possibly triggered by profit-taking or institutional rebalancing after recent price strength near KRW 984,000, with no company-specific announcement to explain the move.
No company announcements were filed in the prior 24 hours, and macro signals (VIX, gold, oil) are all modestly positive and directionally mismatched, ruling out a broad risk-off event. News flow shows that top retail investors were selling SK Square while analysts (DB Financial, Goldman) maintained bullish stances with targets of KRW 1.5M, suggesting the sell-off may reflect institutional or large-holder distribution rather than fundamental deterioration. The 1.76x volume spike and 3.1x ATR move are significant but not extreme enough to point definitively to a single catalyst, leaving sector rotation or a large block sale as the most plausible explanation.
Written by a language model from the evidence below, and it can be wrong. Tell us and we will fix or remove it. General information only, not financial product advice.
The evidence
In the news
SK Square stock falls 12.91 percent to KRW 857,000, price-to-earnings ratio 3.45
ad-hoc-news.de · 13 Oct 2026
Although SK Square is claiming its identity as an investment company specializing in artificial inte..
매일경제 · 13 Oct 2026
SK Square invests in Mujin: DB raises target for SK Square stock to KRW 1.50 million
ad-hoc-news.de · 13 Oct 2026
The top 1% return on equity investment was found to have bought SK Square the most and sold Samsung
매일경제 · 13 Oct 2026
The 4 most recent of 10 articles read. Headlines link to the publisher.
Sector and macro signals
- GC=F +0.17%
- CL=F +0.69%
- ^VIX +0.39%
What it did to the 17 ETFs holding 402340.KS
On $10,000 in each fund, at the weight it holds today. A fund of funds counts what it holds through the funds inside it.
- IKOiShares MSCI South Korea ETF3.08% of the fund−$40
- IAAiShares Asia 50 ETF1.11% of the fund−$14
- EMXCiShares MSCI Emerging Markets ex China ETF0.77% of the fund−$10
- IEMiShares MSCI Emerging Markets ETF0.62% of the fund−$8
- BEMGBETASHARES MSCI EMERGING MARKETS COMPLEX ETF0.60% of the fund−$8
- VAEVanguard FTSE Asia ex Japan Shares Index ETF0.56% of the fund−$7
- VTKHVanguard Global Technology Index (Hedged) ETF0.18% of the fund−$2
- VTEKVanguard Global Technology Index ETF0.18% of the fund−$2
- VEUVanguard All-World ex-US Shares Index ETF0.16% of the fund−$2
- WXOZSTATE STREET SPDR S&P WORLD EX AUSTRALIA CARBON AWARE ETF0.12% of the fund−$2
- WXHGSTATE STREET SPDR S&P WORLD EX AUS CARBON AWARE (HEDGED) ETF0.12% of the fund−$2
- VESGVanguard Ethically Conscious International Shares Index ETF0.09% of the fund−$1
- GHHFBetaShares Wealth Builder Diversified All Growth Geared Complex ETF0.04% of the fund−$1
- DVHGBETASHARES DIVERSIFIED HIGH GROWTH ETF0.03% of the fund−$0
- DVGRBETASHARES DIVERSIFIED GROWTH ETF0.03% of the fund−$0
- DHHFBetaShares Diversified All Growth ETF0.03% of the fund−$0
- DVBABETASHARES DIVERSIFIED BALANCED ETF0.02% of the fund−$0
Keep going
- IKO, its heaviest holderSk Square Co Ltd is 3.1% of the fund
- IAA vs IKOTwo funds that hold it, side by side: overlap, fees, mix
- What owning IKO adds up toOpen it as a portfolio and add your own
- Today's biggest movesEvery explained move, ASX and international
- Moves by monthThe biggest rises and falls of past months