KOSPI Starts Slightly Lower... Minimal Impact from North Korean Provocations

Published 17 Jun.2020 09:30(KST)

Updated 17 Jun.2020 09:41(KST)

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[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] The KOSPI opened slightly lower on the 17th. Despite North Korea blowing up the inter-Korean joint liaison office building located in the Kaesong Industrial Complex the previous day, the impact on the domestic stock market remains limited so far.

As of 9:19 a.m. that day, the KOSPI was at 2,122.09, down 15.96 points (0.75%) from the previous trading day.

The index opened at 2,133.18, down 4.87 points (0.23%) from the previous close, and has been fluctuating around the flat line.

In the securities market, individual investors bought stocks worth 89.1 billion KRW, while foreigners and institutions sold stocks worth 43.2 billion KRW and 52.5 billion KRW, respectively.

Among the top market capitalization stocks, Samsung Electronics (-0.77%), SK Hynix (-1.76%), Samsung Biologics (-1.69%), and Celltrion (-1.53%) declined, while Naver (0.62%), LG Chem (2.36%), Samsung SDI (0.93%), and SK (2.29%) rose.

At the same time, the KOSDAQ index stood at 731.48, down 3.90 points (0.53%) from the previous trading day. The index opened at 731.91, down 3.47 points (0.47%) from the previous close, then turned upward and has been fluctuating around the flat line.

In the KOSDAQ market, individual investors net bought stocks worth 103.7 billion KRW, while foreigners and institutions sold stocks worth 59.3 billion KRW and 40.5 billion KRW, respectively.

Most of the top market capitalization stocks are on a downward trend. Celltrion Healthcare (-2.29%), Celltrion Pharm (-2.76%), HL Biopharma (-0.56%), and Alteogen (-1.07%) declined.