KOSPI Starts Higher but Falls Below 1570 Within 10 Minutes... KOSDAQ Rebounds 1%

[Asia Economy Reporter Oh Ju-yeon] On the 19th, the KOSPI fell to the 1560 level. The KOSPI opened at 1626.09, up 2.19% from the previous day, seemingly starting with a rise, but it reversed within about 10 minutes after the opening and is once again widening its decline. The KOSDAQ index rose nearly 1% during the morning session.

As of 9:13 a.m. that day, the KOSPI recorded 1571.08, down 1.26% compared to the previous trading day. The KOSPI started strong, jumping above the 1620 level, but this rebound lasted less than 10 minutes. The KOSPI then plunged to as low as 1569.45.

Among the top market capitalization stocks, Samsung Electronics (-0.22%) and SK Hynix (-0.55%) declined, with particularly notable drops in LG Chem (-3.21%) and Samsung SDI (-3.61%). This is interpreted as a reaction to Tesla's sharp drop in the U.S. stock market the previous day.

Samsung Biologics rose 0.25%, Celltrion increased 1.27%, and NAVER also climbed 3.42%. Hyundai Motor fell 0.27%, dropping to 73,300 KRW.

The KOSDAQ index recorded 491.41, up 1.29% from the previous trading day.

Most of the top market capitalization stocks, including Celltrion Healthcare (3.39%), HL Biopharma (2.82%), Pearl Abyss (4.06%), and Studio Dragon (5.16%), rose.

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