KOSPI Steadies in the Afternoon... KOSDAQ Rises Over 1%

Kospi Fluctuates Around 3060... Chemical and Energy Sectors See Increased Declines
Kosdaq Rises Close to 940

[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI is fluctuating around the 3060 level. Investors are taking a wait-and-see approach ahead of the U.S. Federal Open Market Committee (FOMC) meeting, which global stock markets are closely watching. Meanwhile, the KOSDAQ is up more than 1%, approaching a recovery to the 940 level.

As of 2:21 PM on the 16th, the KOSPI recorded 3062.50, up 0.55% from the previous day. It opened slightly higher at 3049.23 and then rose modestly.

Foreigners and individual investors are selling, while institutional investors are buying. Foreigners and individuals sold a net 88.4 billion KRW and 59.1 billion KRW respectively, whereas institutional investors bought a net 124.6 billion KRW.

Almost all sectors are on the rise. The electric and gas utilities sector showed the largest gain at 5.68%. This was followed by textiles and apparel (2.66%), pharmaceuticals (1.99%), transportation and warehousing (1.72%), and medical precision instruments (1.60%). Meanwhile, chemicals (-2.70%), non-metallic minerals (-1.40%), and insurance (-0.68%) declined.

Most of the top 10 market capitalization stocks are also rising. SK Hynix led with a 2.9% increase, followed by Celltrion (2.4%), Samsung Electronics (0.8%), NAVER (0.5%), and Samsung Biologics (0.5%). On the other hand, LG Chem fell by 8.3%. Samsung SDI (-1.8%) and Kia Motors (-0.1%) also declined.

At the same time, the KOSDAQ rose 1.26% from the previous day to 938.58. After opening slightly higher at 928.17, the index continued to widen its gains.

In the KOSDAQ market, foreigners, individuals, and institutional investors are all buying. Foreigners purchased a net 22.0 billion KRW, individuals 39.3 billion KRW, and institutional investors 15.9 billion KRW. Other corporations sold a net 77.2 billion KRW.

Most sectors are also on the rise here. The telecommunications services sector gained the most at 4.89%, followed by semiconductors (3.03%), broadcasting and telecommunications services (2.40%), and distribution (2.17%). Other manufacturing (-1.22%), transportation (-1.14%), and general electrical and electronics (-0.80%) sectors declined.

Almost all of the top 10 market capitalization stocks are trending upward. Pearl Abyss rose 3.2%, Studio Dragon 3.1%, Celltrion Healthcare 3.1%, Celltrion Pharm 2.6%, and Kakao Games 1.5%. SK Materials remained flat, while EcoPro BM fell by 4.7%.

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