KOSPI and KOSDAQ Continue to Weaken Simultaneously During Trading Session

[Image source=Yonhap News]

[Asia Economy Reporter Park Jihwan] On the 11th, the domestic stock market continued a slight downward trend.

Overnight, the decline in major tech stocks such as Apple and Nikola in the New York stock market, along with uncertainty over whether the government will maintain social distancing at level 2.5, appears to have affected investor sentiment.

According to the Korea Exchange, as of 1:48 PM, the KOSPI stood at 2382.61, down 13.87 points (0.58%) from the previous trading day. The index opened at 2389.76, down 6.72 points (0.28%) from the previous close, and continued its downward trend.

At this time, individual investors were net buyers of 487.4 billion KRW in the KOSPI market. In contrast, foreigners and institutions were net sellers of 166.5 billion KRW and 342.8 billion KRW, respectively.

Among the top market capitalization stocks, Samsung Electronics (-0.84%), Samsung Biologics (-0.92%), and NAVER (-1.46%) declined. Meanwhile, SK Hynix (1.57%) and Celltrion (0.84%) rose.

At the same time, the KOSDAQ index was at 881.83, down 2.45 points (0.28%) from the previous trading day. The index opened at 881.23, down 3.07 points (0.35%) from the previous close, narrowed its losses, and fluctuated around the flat line.

Individual investors led the market with net purchases of 579.9 billion KRW. Foreigners and institutions were net sellers of 238.5 billion KRW and 254.4 billion KRW, respectively.

Among the top market cap stocks, Kakao Games, on its second day of listing, rose to the upper price limit (29.97%). Kakao Games quickly rose to third place in market capitalization. Celltrion Healthcare (-1.37%), Seegene (-0.44%), and Alteogen (-1.53%) declined.

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