Giving Back Previous Day's Gains... KOSPI Retreats to 2130 Level with Over 1% Decline

[Asia Economy Reporter Oh Ju-yeon] On the 25th, the domestic stock market fell by more than 1% amid overlapping concerns over the resurgence of the novel coronavirus infection (COVID-19) and delays in economic recovery. The index retreated to the 2130 level, giving back the gains of more than 1% from the previous day.

As of 9:50 a.m. that day, the KOSPI recorded 2139.11, down 1.04% from the previous trading day. Due to the impact of the U.S. stock market plunging more than 2%, the KOSPI opened at 2130.45, down 1.44%, then fluctuated around the 2140 level.

At this time, all of the top 10 stocks by market capitalization fell. Stock prices of Samsung Electronics (-0.38%), SK Hynix (-1.05%), Samsung Biologics (-0.24%), and NAVER (-1.43%) all declined consecutively.

However, SK was the only one among the top 12 stocks by market capitalization to rise, trading at 290,000 won, up 1.22% from the previous trading day.

The KOSDAQ index recorded 756.27, down 0.41% from the previous trading day. The KOSDAQ index started the day at 749.81, down 1.28% from the previous trading day, but reduced the decline and rose back above the 750 level.

Among the top market capitalization stocks, except for Celltrion Healthcare (1.15%) and Celltrion Pharm (0.37%), most showed weakness. Alteogen fell 1.48% from the previous trading day, and Pearl Abyss dropped 2.56%. EcoPro BM (-1.01%) and KMV (-2.38%) also showed weakness.

By supply and demand, in the KOSPI market, individuals net bought stocks worth 233.9 billion won, while foreigners and institutions sold stocks worth 64.4 billion won and 176 billion won, respectively. In the KOSDAQ market, individuals net bought stocks worth 42.6 billion won, while foreigners and institutions net sold stocks worth 4.3 billion won and 30.1 billion won, respectively.

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