KOSPI Narrows Losses on Individual and Foreign Buying... "Samsung Biologics Ranks 2nd in Market Cap"

KOSPI Starts Down at 2339.91
Bio Stocks Strong in KOSDAQ Market

[Asia Economy Reporter Minji Lee] The KOSPI opened lower than the previous session but is narrowing its losses due to buying by individuals and foreigners.

At 9:20 a.m. on the 20th, the KOSPI stood at 2353.47, down 0.3% (7.07 points) from the previous session. The KOSPI started the day at 2339.91, down 0.87% (20.63 points) from the previous session. In the current KOSPI market, foreigners and individuals purchased stocks worth 42 billion KRW and 177.7 billion KRW, respectively. Institutions alone sold stocks worth 216.1 billion KRW.

Sangyoung Seo, a researcher at Kiwoom Securities, explained, "The Federal Reserve's expression of concern over excessive liquidity expansion will lead the market to focus on the fundamental value of individual companies," adding, "In the Korean stock market, profit-taking will occur in sectors that have shown excessive rises, while undervalued companies with solid earnings will attract buying interest."

Among the top market capitalization stocks, Samsung Electronics traded at 57,300 KRW, down 0.87% from the previous session. Samsung Biologics rose 1.35%, while SK Hynix fell 1.33%, causing changes in market capitalization rankings. Additionally, Naver (0.63%), LG Chem (1.61%), Celltrion (2.63%), and Kakao (0.40%) increased.

The KOSDAQ index at the same time stood at 819.36, up 0.08% (0.62 points) from the previous session. The KOSDAQ index started the day at 816.63, down 0.25% (2.11 points) from the previous session. In the KOSDAQ market, foreigners and institutions sold stocks worth 36.9 billion KRW and 40.3 billion KRW, respectively, while individuals alone net purchased 79.4 billion KRW.

In the KOSDAQ market, Celltrion Healthcare recorded 102,000 KRW, up 2.10% from the previous session. Other bio stocks such as Seegene (1.08%), Alteogen (0.53%), Celltrion Pharm (3.74%), and Genexine (1.10%) also rose. On the other hand, KMH (-2.06%), CJ ENM (-2.06%), and SK Materials (-1.89%) declined.

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