KOSPI Starts Down in the 2250s... KOSDAQ Shows Upward Trend

Starting at 2259 with a rebound... KOSDAQ opens in the mid-680s range

[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI index, which soared to 2277 the previous day, started lower in the 2250 range. The KOSDAQ, which had fallen below the 690 level the day before, is showing an upward trend.

As of 9:23 AM on the 21st, the KOSPI is recording 2264.45, up 1.81 points (0.08%) from the previous close. At the opening, it started at 2259.81, down 2.83 points (0.13%) from the previous day. In the securities market, individuals net bought 47.6 billion KRW. Foreigners and institutions net sold 26.4 billion KRW and 21.5 billion KRW, respectively.

By sector, electrical and electronics (-0.52%), steel and metals (-0.35%), and transportation equipment (-0.32%) declined. On the other hand, non-metallic minerals (0.89%), pharmaceuticals (0.86%), and textiles and apparel (0.82%) rose.

Among the top 10 market capitalization stocks, Hyundai Mobis (-1.02%), POSCO (-0.81%), Hyundai Motor (-0.42%), and Samsung Electronics (-0.32%) fell. Celltrion (1.45%), Samsung Biologics (1.37%), and SK Hynix (0.60%) rose.

At the same time, the KOSDAQ is at 684.24, up 0.77 points (0.11%) from the previous close. Individuals net bought 16.5 billion KRW. Both foreigners and institutions net sold 7.7 billion KRW each.

Most sectors are on the rise. The telecommunications equipment sector showed the largest increase at 2.55%. This was followed by metals (1.33%), computer services (0.88%), chemicals (0.77%), and digital content (0.72%). Meanwhile, machinery and equipment (-0.14%) and telecommunication services (-0.11%) declined.

Among the top 10 market capitalization stocks, KMw (KMW) rose the most at 5.62%. This was followed by Pearl Abyss (0.87%), Celltrion Healthcare (0.56%), and CJ ENM (0.52%). Conversely, HLB (-1.05%), Studio Dragon (-0.72%), and Medytox (-0.54%) fell.

Seosangyoung, a researcher at Kiwoom Securities, said, "Due to the spread of the 'Wuhan pneumonia' in China, concerns about sluggish domestic demand in China may dampen investment sentiment. However, export-import statistics up to the 20th are expected to show favorable results, and depending on the announcement regarding the yuan appreciation by the People's Bank of China, the domestic stock market will go through a process of digesting profit-taking sales, continuing a differentiated market by stock."

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