KOSPI and KOSDAQ Slightly Lower in Early Trading... 3 Consecutive Days of Decline

[Asia Economy Reporter Eunmo Koo] The KOSPI and KOSDAQ indices showed slight declines in early trading, continuing a three-day losing streak.

On the 15th, the KOSPI opened at 2,375.91, down 4.57 points (0.19%) from the previous trading day. The KOSPI, which started lower, is slightly declining in early trading due to net selling by foreign investors. As of 9:15 a.m., it was at 2,373.33, down 7.15 points (0.30%) from the previous day.

Overnight, major New York stock indices fell as the perception strengthened that stimulus measures would be difficult to implement before the U.S. presidential election. On the 14th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 28,514.00, down 165.81 points (0.58%) from the previous day. The Standard & Poor's (S&P) 500 index closed at 3,488.67, down 23.26 points (0.66%), and the tech-heavy Nasdaq index ended at 11,768.73, down 95.17 points (0.80%).

Sangyoung Seo, a researcher at Kiwoom Securities, said, "The U.S. financial market's preference for safe assets has increased due to delays in additional stimulus, the resurgence of COVID-19, and uncertainties surrounding the presidential election, which will negatively impact the Korean stock market. Although international oil prices rose and the dollar weakened, these are considered reactions to the previous day's movements, so the impact will be limited."

Looking at the current trading trends by participant, foreign and institutional investors are net sellers of 5.8 billion KRW and 400 million KRW, respectively. In contrast, individual investors are net buyers of 35.5 billion KRW.

By sector, paper and wood, medical precision, and machinery are rising, while electrical and electronics, textiles and apparel, and services are declining.

Among the top market capitalization stocks, LG Chem, Kia Motors, SK Hynix, and Hyundai Mobis are rising. Conversely, Samsung SDI, Samsung Electronics, LG Household & Health Care, and Samsung C&T are falling.

The KOSDAQ index also showed a slight decline in early trading. It opened at 861.37, down 0.11 points (0.01%) from the previous day, and is slightly falling due to selling by institutional investors. As of 9:15 a.m., it was at 859.93, down 1.55 points (0.18%) from the previous day.

Regarding current supply and demand, individual and foreign investors are net buyers of 6.2 billion KRW and 11.5 billion KRW, respectively, while institutional investors are net sellers of 12.2 billion KRW.

By sector, paper and wood, broadcasting services, and distribution are rising, while entertainment and culture, transportation, and other manufacturing are declining.

Among the top market capitalization stocks, Celltrion Healthcare, CJ ENM, and MedPacto are rising. Conversely, Alteogen, Genexine, Kakao Games, and Hugel are falling.

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