KOSPI Moves Sideways... Stays Around 3120 Level

KOSDAQ Maintains Slightly Weak Range Since Market Opening

On the morning of the 23rd, the real-time KRW/USD exchange rate and KOSPI are displayed in the dealing room of Hana Bank Headquarters in Myeongdong, Jung-gu, Seoul. [Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI has been maintaining a slightly weak range with little fluctuation since the market opened.

As of 1:45 PM on the 23rd, the KOSPI recorded 3,123.75, down 0.53% compared to the previous day. It has steadily remained in a slightly weak range since opening at 3,123.64.

Foreign investors alone made net purchases worth 384.9 billion KRW. Meanwhile, individual and institutional investors made net sales of 53.1 billion KRW and 313.6 billion KRW, respectively.

Most sectors were in decline. The steel and metal sector had the largest drop at -3.64%. This was followed by securities (-1.85%), paper and wood (-1.73%), construction (-1.71%), and non-metallic minerals (-1.69%). Medical precision (2.03%), telecommunications (1.36%), and transportation and warehousing (1.33%) rose.

At the same time, the KOSDAQ fell 0.46% to 1,041.31. Similarly, there has been little fluctuation since the slightly weak opening.

In the KOSDAQ market as well, foreign investors alone made net purchases, buying 29.7 billion KRW worth by this time. Meanwhile, individual and institutional investors made net sales of 12.0 billion KRW and 12.6 billion KRW, respectively.

Many sectors also declined. Construction (-2.59%), transportation equipment and parts (-2.04%), software (-1.84%), information devices (-1.78%), and machinery and equipment (-1.63%) were in order. Entertainment and culture (1.67%), distribution (1.64%), and broadcasting services (1.13%) rose.

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