Opened Higher but... KOSPI Reverses Downward, Falls Below 2200
Slight Rise at Opening Followed by Downturn... Early Session Dips Below 2200
KOSDAQ Also Declines... 780 Level 'Shaken'
[Asia Economy Reporter Minwoo Lee] The KOSPI opened slightly higher but turned downward and fell below 2200.
On the 20th, the KOSPI index opened at 2209.59, up 0.38% (8.40 points) from the previous session. It then reversed to a decline and fell below 2200. As of 9:23 a.m., it recorded 2199.90, down 0.06% from the previous session.
In the KOSPI market, foreign and institutional investors are selling while individual investors are buying. At the same time, foreigners and institutions sold a net 57.7 billion KRW and 56.2 billion KRW respectively, while individuals bought a net 115.7 billion KRW.
The ratio of rising to falling sectors was similar. The transportation equipment sector had the largest gain at 2.33%. This was followed by pharmaceuticals (1.48%), machinery (1.24%), and others. On the other hand, service industries (-0.94%), textiles and apparel (-0.77%), and food and beverages (-0.74%) declined.
Among the top 10 sectors by market capitalization, Hyundai Motor showed the largest increase at 4.2%. This was followed by Celltrion (1.8%), Hyundai Mobis (1.5%), and others. Meanwhile, Kakao (-2.7%), NAVER (-2.3%), and LG Chem (-1.1%) fell.
The KOSDAQ index started at 786.25, up 0.39% (3.03 points) from the previous session, but soon turned downward. As of 9:23 a.m., it recorded 781.84, down 0.18% from the previous trading day.
In the KOSDAQ market as well, foreign and institutional investors were selling while individuals were buying. At the same time, foreigners and institutions sold a net 55.3 billion KRW and 8.9 billion KRW respectively, while individuals bought a net 67.7 billion KRW.
Most sectors declined. The digital content sector had the largest drop at 0.86%. This was followed by machinery and equipment (-0.84%), chemicals (-0.80%), and broadcasting services (-0.68%). On the other hand, telecommunications equipment (1.78%) and metals (1.12%) rose.
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Among the top 10 stocks by market capitalization, SK Materials showed the largest gain at 5.1%. Seegene (4.2%) and KMW (2.7%) also rose. Meanwhile, EcoPro BM (-1.4%), HL Biopharma (-1.3%), and CJ ENM (-1.1%) declined.
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