KOSPI Slightly Lower Early on Due to Institutional Net Selling... KOSDAQ Returns to 700 Level After One Day

[Asia Economy Reporter Eunmo Koo] The KOSPI is showing a slight decline in the early session due to net selling by institutional investors. The KOSDAQ index has also retreated back to the 700 level after a day, showing a slight decrease.

On the 24th, the KOSPI opened at 2,196.73, down 19.46 points (0.88%) from the previous trading day. The KOSPI, which started the day below the 2,100 level, has narrowed its losses somewhat in the early session and is showing a slight decline. As of 9:15 a.m., it was at 2,204.92, down 11.27 points (0.51%) from the previous day.

Overnight, major indices on the New York Stock Exchange fell due to worsening U.S. unemployment data and a sharp drop in key technology stocks. On the 23rd (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 26,652.33, down 353.51 points (1.31%) from the previous session. The Standard & Poor's (S&P) 500 index fell 40.36 points (1.23%) to 3,235.66, and the tech-heavy Nasdaq index plunged 244.71 points (2.29%) to 10,461.42.

Yumi Kim, a researcher at Kiwoom Securities, explained, "The domestic stock market is expected to bear the burden of the decline in major U.S. tech stocks, but the extent of the decline is expected to be limited. This is because the concerns over U.S.-China tensions were partially reflected the previous day, and the valuation pressure on large tech stocks has been an ongoing issue."

Looking at the current trading trends by investor type, institutional investors are leading the index decline with net sales of 88.4 billion KRW. In contrast, foreign and individual investors are net buyers with 72.5 billion KRW and 16.5 billion KRW, respectively.

By sector, steel & metals, chemicals, telecommunications, and securities are declining, while pharmaceuticals are rising.

Among the top market capitalization stocks, NAVER, Hyundai Motor, NCSOFT, and Kakao are rising. On the other hand, LG Chem, LG Household & Health Care, SK Telecom, Samsung Biologics, and Samsung SDI are falling.

Currently, in the KOSPI market, 198 stocks are rising, including one stock hitting the upper price limit, 639 stocks are falling with no stocks hitting the lower price limit, and 56 stocks are unchanged.

The KOSDAQ index is also showing a slight decline. It opened at 796.08, down 5.61 points (0.70%) from the previous trading day, retreating to the 700 level due to simultaneous selling by institutions and foreigners in the early session. As of 9:15 a.m., it was at 798.48, down 3.21 points (0.40%) from the previous day.

Looking at the current supply and demand situation, institutions and foreign investors are net sellers of 8.4 billion KRW and 3.7 billion KRW, respectively, while individual investors are net buyers of 21.1 billion KRW.

By sector, pharmaceuticals, non-metallic minerals, and paper & wood are rising, while general electric & electronics, telecommunications equipment, and broadcasting services are declining.

Among the top market capitalization stocks, Kolmar BNH, Genexine, and Seegene are rising. Conversely, EcoPro BM, KMW, Alteogen, and Celltrion Pharm are falling.

Currently, in the KOSDAQ market, 339 stocks are rising, including one stock hitting the upper price limit, 876 stocks are falling with no stocks hitting the lower price limit, and 94 stocks are unchanged.

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