KOSPI Starts Lower Amid Fatigue from 9 Consecutive Trading Days of Gains, Maintains Slight Weakness Around '2430 Level'

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] The KOSPI started slightly lower due to fatigue from nine consecutive days of gains until the previous trading day.

On the 14th, as of 9:15 a.m., the KOSPI recorded 2,430.97, down 6.56 points (0.27%) from the previous trading day. The index opened at 2,427.85, down 0.40% from the previous trading day. This marks the first decline in 10 trading days since the 31st of last month.

The KOSPI had closed higher for nine consecutive trading days until the previous day. This streak started on the 3rd and continued for nine trading days. After surpassing the intraday high on the 4th, it also set new highs for eight consecutive trading days.

Looking at trading trends by participant, individual investors bought a net 89 billion KRW, and institutions bought a net 8.1 billion KRW, supporting the index. On the other hand, foreigners sold a net 72.8 billion KRW.

By sector, performance was mixed. In the KOSPI market today, the electrical and electronics and non-metallic minerals sectors are declining. Meanwhile, machinery and electric gas industries are rising.

Among the top market capitalization stocks, Samsung Electronics (-1.19%), Celltrion (-0.81%), and Hyundai Motor (-0.59%) fell, while Samsung Biologics (0.49%) and Kakao (1.25%) rose.

At the same time, the KOSDAQ market stood at 851.72, down 3.05 points (0.36%) from the previous trading day. The market opened at 854.71, down 0.06 points from the previous day.

Regarding supply and demand, unlike the KOSPI, individuals and institutions are both selling, with net sales of 11.8 billion KRW and 9.1 billion KRW respectively. Conversely, foreigners are net buyers with 25.6 billion KRW.

By sector, construction and finance are rising, while distribution and transportation are declining.

Most of the top market capitalization stocks are declining. Celltrion Healthcare (-2.87%) and Seegene (-7.23%) are falling, while KMV (0.13%) and CJ ENM (1.35%) are rising.

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