Kospi Volatile After Surpassing 3000... Dips to 2970 Intraday Before Rebound

[Asia Economy Reporter Oh Ju-yeon] On the morning of the 6th, the KOSPI, which had surpassed the 3000 mark during trading, gave up its gains and fell to the 2970 level in the afternoon. The KOSDAQ also retreated from the 990 level to the 970 level.

As of 1:31 PM that day, the KOSPI recorded 2992.02, up 0.05% from the previous trading day. It had risen to as high as 3027.16 during the morning session but lost upward momentum afterward, dropping to 2970.38, resulting in a daily fluctuation of nearly 60 points. This is interpreted as investors selling off shares to realize profits after the index surpassed 3000. However, buying demand that eagerly purchases all available shares amid forecasts of a strong market this year remains steady, causing the index to fluctuate around the 2990 level.

Among the top market capitalization stocks, Samsung Electronics traded at 83,400 KRW, down 0.60% from the previous day, while SK Hynix (1.53%), LG Chem (0.34%), and Celltrion (0.42%) rose.

The KOSDAQ index also gave up some of its morning gains, recording 982.68, down 0.31% from the previous trading day. The KOSDAQ rose to the 990 level that day, moving in tandem with the KOSPI, but its upward momentum was somewhat weaker compared to the KOSPI.

Among the top market capitalization stocks, 9 out of the top 10, including Celltrion Healthcare (-1.05%), Celltrion Pharm (-1.05%), HL Biopharma (-6.43%), and Seegene (-0.27%), declined. CJ ENM traded at 147,700 KRW, up 0.07% from the previous day.

Seo Sang-young, a researcher at Kiwoom Securities, said, "Concerns about high valuations may continue, so rather than expanding the gains, it is expected that there will be a process of digesting sell-offs after surpassing the 3000-point mark."

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