KOSPI Starts Up at 2258.35... 'Mixed Trends'

[Asia Economy Reporter Minji Lee] The KOSPI is showing mixed trends.

At 9:08 a.m. on the 29th, the KOSPI stood at 2256.16, down 0.83 points (0.04%) from the previous session. The KOSPI opened at 2258.35, up 0.06% (1.36 points) from the previous session, and has been fluctuating since.

[Image source=Yonhap News]

In the KOSPI market, foreigners bought stocks worth 149.3 billion KRW, individuals purchased 64.4 billion KRW worth of stocks, while institutions sold stocks worth 209.7 billion KRW alone.

Looking at the top market capitalization stocks, most are declining. SK Hynix (-0.24%), Samsung Biologics (-0.79%), Naver (-0.87%), Celltrion (-1.57%), Kakao (-0.30%), and Hyundai Motor (-1.22%) all fell.

Seo Sang-young, a researcher at Kiwoom Securities, explained, "The U.S. stock market declined due to poor earnings from individual companies and weak consumer confidence index. Although there was a sharp rise due to large net purchases by foreigners the previous day, considering the U.S. stock market overnight, the likelihood of continued net buying is low."

At the same time, the KOSDAQ index stood at 805.59, down 2.26 points (0.28%) from the previous session. The KOSDAQ opened at 807.71, down 0.02% (0.14 points) from the previous day, and is maintaining a downward trend.

In the KOSDAQ market, foreigners and institutions are selling stocks worth 11.9 billion KRW and 15 billion KRW respectively. Individuals are the only buyers, purchasing stocks worth 33 billion KRW.

Among the top market capitalization stocks, Celltrion Healthcare traded at 101,200 KRW, down 0.59% from the previous day. HL Biotech (-1.01%), Celltrion Pharm (-1.22%), and EcoPro BM (-1.23%) also declined. On the other hand, Seegene (2.81%), Genexine (1.96%), and KMW (1.01%) rose.

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