KOSPI Continues Weakness into Afternoon... KOSDAQ Rises 0.3%

[Asia Economy Reporter Oh Ju-yeon] The KOSPI continued its weak trend into the afternoon on the 17th.

As of 1:43 PM on the day, the KOSPI recorded 2,760.28, down 0.42% from the previous trading day. It fell about 1% during the morning session, dropping to the 2,740 level, but the decline narrowed somewhat after fluctuating.

By investor type, foreigners and institutions sold 370.7 billion KRW and 124.4 billion KRW worth of stocks respectively, while individuals bought 495.8 billion KRW worth, defending the index.

Among the top market capitalization stocks, Samsung Electronics traded at 73,100 KRW, down 0.95% from the previous day, while SK Hynix and LG Chem rose 0.43% and 0.37%, respectively. However, all other top market cap stocks declined.

Samsung Biologics (-0.62%), Celltrion (-0.28%), Hyundai Motor (-0.53%), and Kakao (-0.67%) traded lower compared to the previous day.

The KOSDAQ index rose. The KOSDAQ index recorded 941.87, up 0.24% from the previous trading day.

In the KOSDAQ market, foreigners and institutions were net buyers of 18.8 billion KRW and 4.9 billion KRW respectively, while individuals were net sellers of 3.0 billion KRW.

Among the top market cap stocks, Celltrion Healthcare (0.19%) and Celltrion Pharm (0.86%) rose, while Alteogen, HLB, and Pearl Abyss declined.

Seo Jeong-hoon, a researcher at Samsung Securities, said, "Expectations for the COVID-19 vaccine and U.S. stimulus measures are factors driving the market up, but concerns over the resurgence of COVID-19 are also placing considerable pressure on the domestic stock market." He added, "Accordingly, it is judged that the index is likely to show limited movement for the time being."

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