KOSPI, Slight Rise at Opening Followed by Weakness Shift
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[Asia Economy Reporter Ji-hwan Park] The KOSPI opened higher supported by early buying from individual investors but turned bearish.
According to the Korea Exchange on the 18th, as of 9:22 a.m., the KOSPI index stood at 1924.08, down 3.20 points (-0.17%) from the previous trading day. The KOSPI opened up 0.21% at 1931.26 but then narrowed its gains and shifted to a bearish trend.
By investor type, individuals recorded net purchases of 61.1 billion KRW. Foreigners and institutions showed net sales of 8.9 billion KRW and 45.2 billion KRW, respectively.
Among the top market capitalization stocks, Samsung Electronics (-0.21%) and SK Hynix (-2.69%) declined. Celltrion (0.92%) and LG Chem (0.14%) rose.
At the same time, the KOSDAQ index fell 0.15% to 690.86. The index opened higher at 695.17 due to buying by individual investors. Like the KOSPI, it narrowed gains and turned bearish.
On the KOSDAQ, individuals net bought 28 billion KRW, while foreigners and institutions net sold 1.6 billion KRW and 23.7 billion KRW, respectively.
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Among the top market cap stocks, Celltrion Healthcare (2.73%) and Celltrion Pharm (1.14%) rose, while KMH (-1.91%) and Studio Dragon (-0.53%) declined.
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