'Four Witches Day' KOSPI Opens Slightly Higher... Mixed Trends in Early Trading

KOSDAQ Maintains Slightly Firm Trend... Recovers to 980 Level

On the morning of the 10th, known as "Quadruple Witching Day," when futures and options expirations coincide, the KOSPI started with a slight gain. Employees are working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul, on the same morning.
[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI, which started slightly higher, is showing signs of hesitation in the early session due to simultaneous net selling by foreigners and institutions. Given that it is the 'Quadruple Witching Day,' when futures and options expire simultaneously, the market atmosphere is somewhat cautious.

On the 10th, the KOSPI opened at 3,216.94, up 0.02% (0.76 points) from the previous day. Since then, it has fluctuated between gains and losses, remaining in the 3,210 range. As of 9:20 AM, it stood at 3,219.12.

Net selling by foreigners and institutions was strong. They sold 17.8 billion KRW and 130.7 billion KRW worth of stocks, respectively. In contrast, individuals were net buyers, purchasing 148.7 billion KRW.

Many sectors declined. The order was machinery (-1.48%), construction (-1.25%), and insurance (-0.89%). Meanwhile, service industries (1.14%) and textiles/apparel (0.68%) rose.

However, among the top 10 market capitalization stocks, more stocks rose. The order was Kakao (2.71%), NAVER (2.37%), Celltrion (0.57%), Samsung SDI (0.50%), Samsung Biologics (0.36%), and Samsung Electronics (0.25%). LG Chem (-0.50%), Hyundai Motor (-0.42%), SK Hynix (-0.41%), and Kia (-0.33%) fell.

The KOSDAQ opened at 979.52, up 0.07% (0.73 points) from the previous day. It further rose to 981.47 as of 9:20 AM.

In the KOSDAQ market, individuals were the sole net buyers, purchasing a total of 22.8 billion KRW, while foreigners and institutions sold 11.5 billion KRW and 6.5 billion KRW, respectively.

More sectors rose than fell. Food and tobacco (1.43%), finance (1.12%), and medical/precision instruments (0.94%) were among the top gainers. Construction (-0.77%), metals (-0.52%), and digital content (-0.37%) declined.

Among the top 10 market capitalization stocks, Hugel had the largest gain at 2.30%. This was followed by Celltrion Healthcare (-0.69%), CJ ENM (0.48%), SK Materials (0.48%), and Pearl Abyss (0.17%). Seegene (-1.16%), Kakao Games (-0.72%), HLB (-0.46%), EcoPro BM (-0.34%), and Celltrion Pharm (-0.22%) declined.

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