'Resumption of Gongmaedo' Leads to Slightly Weak KOSPI in Early Trading

[Asia Economy Reporter Minji Lee] Short selling has resumed for stocks included in the KOSPI 200 and KOSDAQ 150 after 13 months, and the KOSPI is showing a slight decline. The KOSDAQ index is widening its losses from the early session.

At 9:13 a.m. on the 3rd, the KOSPI stood at 3,146.40, down 0.05% (1.46 points) from the previous trading day. The KOSPI opened at 3,149.05, up 0.04% (1.19 points) from the previous day, but has since weakened. Looking at investor trading trends, individuals and institutions are net buyers. Individuals and institutions purchased stocks worth 56.8 billion KRW and 59.7 billion KRW respectively, while foreigners alone sold stocks worth 116.2 billion KRW.

Among the top market capitalization stocks, Samsung Electronics (-0.25%), LG Chem (-2.58%), Samsung Biologics (-0.37%), Kakao (-1.32%), Samsung SDI (-1.68%), and Celltrion (-1.50%) declined.

At the same time, the KOSDAQ index stood at 977.77, down 0.58% (5.68 points) from the previous trading day. The KOSDAQ index opened at 982.97, down 0.05% (0.48 points), and is widening its losses. Looking at investor trends, individuals and institutions purchased stocks worth 15.7 billion KRW and 4.8 billion KRW respectively. Foreigners alone sold stocks worth 18.1 billion KRW.

Among the top market capitalization stocks, Celltrion Healthcare (-1.69%), Celltrion Pharm (-1.88%), Kakao Games (-2.21%), and EcoPro BM (-1.82%) declined.

Yumi Kim, a researcher at Kiwoom Securities, explained, “The resumption of short selling may increase short-term volatility in individual stocks, sectors, and even indices, but it will not affect the overall market direction. Since short selling is resumed only for large-cap stocks, even if short selling pressure increases, the price impact will be relatively limited compared to when it targets small and mid-cap stocks.”

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