KOSPI Starts Lower at 2228.20... 'Mixed Trends'

[Asia Economy Reporter Minji Lee] The KOSPI index is showing mixed trends. It started lower due to selling pressure from foreigners and institutions, but as individual investors increased their buying, the index has been fluctuating between gains and losses.

At 9:16 a.m. on the 22nd, the KOSPI index stood at 2229.00, up 0.02% (0.17 points) from the previous session. The KOSPI opened at 2228.20, down 0.03% (0.63 points), and seemed to be widening its losses, but quickly reversed to an upward trend as individual buying increased.

In the KOSPI market, individuals purchased stocks worth 139.2 billion KRW, while foreigners and institutions sold stocks worth 67.7 billion KRW and 81.5 billion KRW, respectively.

Seosangyoung, a researcher at Kiwoom Securities, said, "There will be a process of absorbing sell orders in the stock groups that showed strength the previous day," adding, "The U.S. Department of Commerce included 11 Chinese companies on the Xinjiang Uyghur-related sanctions list, raising the possibility of sell-offs due to concerns over U.S.-China tensions."

Most of the top market capitalization stocks are declining. Samsung Electronics remained unchanged at 55,300 KRW, the same as the previous closing price. SK Hynix (-0.48%), Naver (-2.41%), Celltrion (-1.24%), and LG Chem (-1.69%) are also down.

The KOSDAQ index at the same time was at 787.32, down 0.41% (3.26 points) from the previous session. The KOSDAQ opened at 790.52, the same as the previous closing price. In the KOSDAQ market, individuals bought stocks worth 87.4 billion KRW, while foreigners and institutions sold stocks worth 44.1 billion KRW and 38.0 billion KRW, respectively.

Among the top market capitalization stocks, HL Biopharma (0.11%), Alteogen (0.17%), and KMW (4.35%) rose, while Celltrion Healthcare (-1.26%) and Seegene (-2.8%) declined.

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