KOSPI Early Session Decline... 1900s 'Shaken'

Early session drops to 1896... Down about 1% from previous day
KOSDAQ also falls below 640 level

Photo by Getty Images Bank

[Asia Economy Reporter Minwoo Lee] The KOSPI market is showing a downward trend in the early session. After opening at the 1906 level, the decline widened, dropping into the 1800 range.

On the 24th, the KOSPI index opened at 1906.07, down 0.45% (8.66 points) from the previous day. As the decline widened, by 9:19 AM it recorded 1896.67, down 0.92% from the previous day.

In the early session of the securities market, individuals and foreigners were net buyers of 61.7 billion KRW and 27 billion KRW respectively. Meanwhile, institutions were net sellers of 86.6 billion KRW.

Most sectors are in decline. Only the transportation and warehousing (1.02%) and medical precision (0.70%) sectors are rising. The non-metallic mineral products sector, which has the largest decline, is down 1.56%. This is followed by electric and gas utilities (1.38%), telecommunications (1.36%), and banking (1.20%).

Among the top 10 sectors by market capitalization, most are also declining. Samsung SDI had the largest drop at 1.76%. This was followed by LG Chem (1.52%), LG Household & Health Care (1.39%), Hyundai Motor (1.08%), SK Hynix (0.97%), Samsung Electronics (0.60%), and Samsung Biologics (0.50%). On the other hand, Samsung C&T rose 1.82%. Additionally, NAVER (1.58%) and Celltrion (0.23%) also increased.

The KOSDAQ also opened lower at 640.19, down 0.56% (3.60 points) from the previous day. As of 9:17 AM, it was at 638.69, down 0.79% from the previous day.

In the KOSDAQ market, individuals and foreigners were net buyers of 6.9 billion KRW and 100 million KRW respectively. Institutions were net sellers of 6 billion KRW.

The ratio of rising to falling sectors in the KOSDAQ market is similar. Internet (1.50%), transportation (1.26%), transportation (1.09%), information devices (1.00%), and food & tobacco (1.02%) are rising. Meanwhile, broadcasting services (1.13%), entertainment & culture (0.91%), general electric & electronics (0.84%), and semiconductors (0.75%) are declining.

The top 10 sectors by market capitalization show a similar trend. Celltrion Pharm's rise of 0.69% was the highest. This was followed by Seegene (0.55%), Celltrion Healthcare (0.36%), and HL Biopharma (0.21%). The declines among stocks were larger. SK Materials was down 1.72%. This was followed by CJ ENM (1.60%), Hugel (1.54%), Studio Dragon (1.24%), and Pearl Abyss (1.02%), all falling more than 1%. KMV remained flat.

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