KOSPI Retreats to 2180 Level on Foreign and Institutional Selling... KOSDAQ Also Weakens Together

[Asia Economy Reporter Oh Ju-yeon] Due to uncertainties surrounding the novel coronavirus infection (Wuhan pneumonia), the domestic stock market started off lower.

On the 10th, the KOSPI opened at 2185.63, down 1.19% compared to the previous trading day. As of 9:12 AM, foreign investors and institutional investors sold net amounts worth 25.2 billion KRW and 69.3 billion KRW respectively, pulling the index down.

Among the top market capitalization stocks, Samsung Electronics (-1.32%), SK Hynix (-1.21%), Samsung Biologics (-0.96%), NAVER (-2.16%), Hyundai Motor (-0.76%), LG Chem (-0.65%), Celltrion (-0.58%), Samsung SDI (-0.63%), and Hyundai Mobis (-1.73%) all showed declines.

The KOSDAQ index also opened at 669.53, down 0.46% from the previous trading day. Individual investors were net buyers worth 46.2 billion KRW, while foreign and institutional investors sold net amounts worth 23.2 billion KRW and 21.5 billion KRW respectively.

Among the top market capitalization stocks, Celltrion Healthcare (-0.85%), Pearl Abyss (-1.95%), Studio Dragon (-0.84%), KMV (-1.34%), and Medytox (-1.29%) declined, while HL Biopharma (0.29%) and CJ ENM (0.76%) rose.

Seo Sang-young, a researcher at Kiwoom Securities, predicted, "The domestic stock market is expected to move within a box range without a clear direction until meaningful news related to the novel coronavirus emerges."

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