KOSPI Stalls Early in Session... Retreats to 3250 Range

KOSDAQ Also Starts Strong but Reverses to Decline

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[Asia Economy Reporter Minwoo Lee] The KOSPI is showing a slightly weak trend in the early session. The recent two-day consecutive rise seems to be somewhat stalled.

On the 14th, the KOSPI opened at 3,270.09, down 0.04% (1.29 points) from the previous day. Afterwards, the decline widened to 3,251.21 as of 9:21 AM.

Foreign investors and institutions, who had shown net buying for two consecutive days, turned to net selling. They sold 101.5 billion KRW and 85.3 billion KRW worth of stocks, respectively. Individual investors alone net bought 193.6 billion KRW.

Almost all sectors are in decline. The order of decline was transportation and warehousing (-1.51%), medical precision (-1.26%), construction (-1.16%), textiles and apparel (-1.09%), and banking (-0.97%). Only non-metallic minerals (0.54%) and services (0.12%) rose.

Among the top 10 market capitalization stocks, SK Hynix had the largest decline at -1.22%. It was followed by Celltrion (-0.95%), Samsung Electronics (-0.75%), Samsung SDI (-0.67%), NAVER (-0.57%), and Samsung Biologics (-0.53%). Kakao (1.24%), LG Chem (0.12%), Hyundai Motor (0.22%), and Kia (0.11%) rose.

The KOSDAQ started up 0.02% (0.19 points) at 1,043.50 but soon turned downward. As of 9:21 AM, it had fallen to 1,038.86.

In the KOSDAQ market as well, foreign investors and institutions continued selling. They sold 76.5 billion KRW and 44.4 billion KRW worth of stocks, respectively. Individuals net bought 125.1 billion KRW.

Many sectors also declined. The largest drops were in broadcasting services (-1.60%), telecommunications and broadcasting services (-1.44%), publishing and media reproduction (-1.15%), and telecommunications services (-0.97%). Information devices (0.50%), computer services (0.45%), and general electrical and electronics (0.38%) rose.

Among the top 10 market capitalization stocks, more stocks declined. CJ ENM had the largest drop at -2.56%. It was followed by Alteogen (-1.88%), Celltrion Pharm (-1.73%), HLB (-1.56%), Celltrion Healthcare (-1.52%), Pearl Abyss (-0.76%), and Kakao Games (-0.48%). Seegene (2.15%), EcoPro BM (1.95%), and SK Materials (1.53%) rose.

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