Despite Individual Net Buying... KOSPI and KOSDAQ Indices Continue to Fall Around 1.8%

[Asia Economy Reporter Minji Lee] As concerns over rising interest rates due to expanding inflation in the United States grow, the KOSPI and KOSDAQ indices are widening their losses.

As of 11:17 a.m. on the 29th, the KOSPI stood at 3,037.31, down 1.89% (60.13 points) from the previous trading day. The KOSPI opened the day at 3,055.50, down 1.37% (42.42 points) from the previous day, and has continued its downward trend.

Looking at investor trends, individual investors alone bought stocks worth 514.2 billion KRW, while foreigners and institutions sold stocks worth 308.8 billion KRW and 203.7 billion KRW, respectively. As the three major U.S. indices fell sharply by around 2% due to a surge in Treasury yields, the domestic stock market has not escaped the influence of the U.S. market and continues to decline.

Han Ji-young, a researcher at Kiwoom Securities, explained, "The U.S. stock market yesterday continued its sharp decline, reflecting a combination of negative factors such as concerns over rising interest rates due to prolonged inflation, delays in U.S. debt ceiling negotiations, and global production disruptions caused by China's power shortages."

Among the top market capitalization stocks, Samsung Electronics and SK Hynix fell 2.75% and 2.95%, respectively, to 74,200 KRW and 100,500 KRW compared to the previous trading day. This is analyzed to be influenced by the negative sentiment toward semiconductor companies in the U.S. stock market the day before, which caused the Philadelphia Semiconductor Index to drop about 3.8%.

Top market capitalization tech stocks also showed declines, with NAVER (-2.42%), Samsung Biologics (-1.95%), LG Chem (-2.84%), Kakao (-2.13%), and Samsung SDI (-2.52%) all falling by around 2%, while Hyundai Motor (-0.74%) and Celltrion (-0.95%) also declined.

At the same time, the KOSDAQ index fell below the 1,000 mark for the first time in about a month since the 23rd of last month, standing at 993.33, down 1.89% (19.18 points) from the previous trading day. The index opened at 994.61, down 1.77% (17.90 points) from the previous day, and continued its downward trend. Looking at investor trends, individuals and foreigners bought stocks worth 87.2 billion KRW and 23.2 billion KRW, respectively, while institutions alone sold stocks worth 93.2 billion KRW.

Among the top market capitalization stocks, Celltrion Healthcare (-1.44%), EcoPro BM (-4.76%), L&F (-4.94%), Pearl Abyss (-2.86%), Celltrion Pharm (-1.48%), and Kakao Games (-2.36%) declined, while HL Bionics rose 0.70%.

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