KOSPI, Which Was Unstable Above 2700, Recovers to 2720s

KOSDAQ Also Shows Slight Rebound

On the 8th, the KOSPI opened at 2745.13, down 0.31 points (0.01%) from the previous trading day, as employees worked in the Foreign Exchange Bank dealing room in Jung-gu, Seoul.

[Asia Economy Reporter Minwoo Lee] The KOSPI, which had fallen nearly 1.5%, slightly rebounded and recovered to the 2720 level. The KOSDAQ, which had dropped about 1.4%, also appears to be narrowing its losses.

As of 1:40 PM on the 8th, the KOSPI recorded 2727.99, down 0.64% (17.45 points) from the previous day. It had fallen to 2705.30, down 1.46% from the previous session around noon, then gradually rebounded.

Foreigners and institutions led the selling pressure that drove the index down. Foreigners sold a net 534.8 billion KRW, institutions sold 218 billion KRW, while individuals bought 786 billion KRW worth.

Many sectors declined. Pharmaceuticals had the largest drop at -3.90%. This was followed by Paper & Wood (-1.69%), Steel & Metals (-1.20%), and Transportation Equipment (-1.19%). Meanwhile, Machinery (1.32%) and Transportation & Warehousing (1.06%) rose.

Most of the top 10 market capitalization stocks fell. Celltrion had the largest drop at -6.3%. This was followed by Samsung Biologics (-3.5%), Hyundai Motor (-2.8%), SK Hynix (-2.1%), Kia Motors (-2.0%), and Samsung Electronics (-0.6%). Only Samsung SDI (2.9%) and LG Chem (0.8%) rose.

The KOSDAQ also narrowed its losses. It showed an early session rise, reaching 933.14, the highest in 20 years, then steadily declined. At 11:59 AM, it fell to 913.98, down 1.39% from the previous day. It then slightly rebounded to 921.67 as of 1:40 PM.

In the KOSDAQ market as well, foreigners and institutions continued net selling, offloading 110.7 billion KRW and 51.4 billion KRW respectively. Individuals were net buyers with 192.1 billion KRW.

The ratio of rising to falling sectors was similar. Retail had the largest drop at -5.92%, followed by Transportation Equipment & Parts (-2.53%), Pharmaceuticals (-1.46%), and Computer Services (-0.91%). Meanwhile, Internet (5.29%), Entertainment & Culture (2.49%), and Broadcasting Services (2.19%) rose.

Among the top 10 market cap stocks, the ratio of rising to falling stocks was equal, but the magnitude differed. The volatility of declining stocks was greater. Celltrion Healthcare (-8.6%), Celltrion Pharm (-8.0%), Genexine (-6.9%), and HLB (-5.6%) mostly fell more than 5%. On the other hand, EcoPro BM (2.2%) and Pearl Abyss (1.6%) rose.

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