KOSPI Falls 1% to 2170 Level on First Trading Day of New Year... KOSDAQ Slightly Lower

[Asia Economy Reporter Koo Eun-mo] On the first trading day of the new year, the KOSPI index started higher but turned downward, falling to the 2170 level. The KOSDAQ index also began with gains but reversed to show slight declines.

The KOSPI opened at 2201.21, up 3.54 points (0.16%) from the previous day, but early in the session, it fell nearly 1% due to net selling by institutions and foreigners. As of 10:48 AM, it was down 21.58 points (0.98%) from the previous day, standing at 2176.09.

Overnight, major U.S. stock indices rose amid year-end cautious sentiment supported by trade optimism. On December 31 (U.S. time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 28,538.44, up 76.30 points (0.27%) from the previous day. The Standard & Poor's (S&P) 500 index rose 9.49 points (0.29%) to 3,230.78, and the tech-heavy Nasdaq index gained 26.61 points (0.30%) to close at 8,972.60. The Dow rose 22.3% this year, marking its largest increase since 2017. The S&P 500 surged 28.9%, and the Nasdaq jumped 35.2%, both the highest gains since 2013.

Looking at current trading trends by participant, institutions and foreign investors are net sellers of 145.6 billion KRW and 77.8 billion KRW respectively, pulling the index down. In contrast, individual investors are net buyers of 221.1 billion KRW.

By sector, electricity and gas, paper and wood, and medical precision industries are rising, while finance, insurance, and pharmaceuticals are declining.

Most of the top market capitalization stocks are falling. Celltrion, KB Financial Group, Shinhan Financial Group, NAVER, and SK Telecom are experiencing relatively large declines. Meanwhile, SK Hynix is slightly up.

Currently, in the KOSPI market, 307 stocks are rising with no stocks hitting the upper price limit, 508 stocks are falling including one hitting the lower price limit, and 87 stocks are unchanged.

The KOSDAQ index is also declining as institutions and foreigners sell. It opened at 672.53, up 2.70 points (0.40%) from the previous day, but turned downward around 10:15 AM and is showing slight declines. As of 10:48 AM, it is down 0.73 points (0.11%) at 669.10.

By participant, institutions and foreign investors are net sellers of 68.0 billion KRW and 43.1 billion KRW respectively, while individual investors are net buyers of 109.2 billion KRW.

By sector, telecommunications equipment, publishing and media replication, and general electrical and electronics are rising, while broadcasting services, internet, and distribution sectors are falling.

Most of the top market capitalization stocks in the KOSDAQ market are declining. CJ ENM, Celltrion Healthcare, SK Materials, Hugel, and SFA are down. Conversely, KMV and Mezzion are rising.

Currently, in the KOSDAQ market, 675 stocks are rising with no stocks hitting the upper price limit, 549 stocks are falling with no stocks hitting the lower price limit, and 118 stocks are unchanged.

This content was produced with the assistance of AI translation services.