'Corona Shock'... KOSPI and KOSDAQ Start with 2% Declines

KOSPI Top Market Cap Stocks All Fall by Around 2%

[Asia Economy Reporter Minji Lee] The KOSPI and KOSDAQ indices started with a 2% decline due to the impact of the novel coronavirus infection (COVID-19).

[Image source=Yonhap News]

At 9:07 a.m. on the 24th, the KOSPI was at 2,113.03, down 49.81 points (2.30%) from the previous session. The index opened at 2,114.04, down 48.80 points (2.26%) from the previous session.

Currently, in the securities market, individuals and foreigners are selling stocks worth 3.7 billion KRW and 51.1 billion KRW respectively. Institutions alone are buying stocks worth 55.1 billion KRW.

By sector, paper and wood (3.38%) and food and beverages (0.23%) showed significant gains. On the other hand, construction (-2.76%), banking (-2.58%), and medical precision (-2.55%) experienced large declines.

All of the top market capitalization stocks are showing a decline in the 2% range. {$_} is trading at 57,900 KRW, down 2.20% from the previous session. SK Hynix (-2.91%), Samsung Biologics (-2.67%), Naver (-2.11%), Hyundai Motor (-2.73%), and Celltrion (-2.26%) are all on the downside.

The KOSDAQ index is at 653.75, down 14.24 points (2.13%) from the previous session. The index opened at 653.40, down 14.59 points (2.18%) from the previous session.

Currently, in the KOSDAQ market, foreigners and institutions are buying stocks worth 45.3 billion KRW and 8.3 billion KRW respectively. Meanwhile, individuals are selling stocks worth 50.8 billion KRW.

By sector, only paper and wood rose by 2.22%. Food and tobacco (-0.06%), transportation (-0.65%), software (-0.69%), and telecommunication services (-0.70%) showed relatively small declines.

Among the top market capitalization stocks, Celltrion Healthcare is trading at 63,000 KRW, down 2.02% from the previous session. HLB (-3.85%), CJ ENM (-3.12%), Pearl Abyss (-0.72%), Studio Dragon (-1.49%), KMW (-1.46%), and Medytox (-2.33%) are also showing downward trends.

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