Increased Volatility in KOSPI, Trades Around 2930 After Turning Down... KOSDAQ Plummets Over 2%

Most Top Market Cap Stocks Decline
"Lack of Clear Signals to Reverse Market Direction"

[Asia Economy Reporter Minji Lee] The KOSPI and KOSDAQ indices, which had successfully rebounded technically influenced by the rise in the US stock market, are expanding their losses in the morning session.

As of 11:08 AM on the 6th, the KOSPI stood at 2,937.22, down 0.88% (25.92 points) from the previous trading day. The index opened at 2,986.06, up 0.81% (23.89 points) from the previous day, and showed an increase close to 1% in the early session but soon widened its losses. Looking at investor trends, individual investors bought stocks worth 109.9 billion KRW alone, while foreigners and institutions sold stocks worth 75 billion KRW and 43.2 billion KRW, respectively.

The current index decline is analyzed to be due not to new negative factors but rather a continuation of reflecting yesterday’s issues such as political uncertainty in the US, concerns over interest rate hikes, economic slowdown forecasts, and global supply chain disruptions.

Jung Yong-taek, Head of Research Center at IBK Investment & Securities, explained, "Since there are no additional positive factors, the market temporarily rebounded but then fell back, increasing volatility. The market is waiting for a clear signal to resolve the current negative factors, but as there is no basis for a reversal at present, it is judged that the atmosphere from yesterday is continuing."

Looking at the top market capitalization stocks, most are showing declines. Samsung Electronics (-0.69%), SK Hynix (-1.33%), Samsung Biologics (-2.22%), Samsung SDI (-0.59%), Hyundai Motor (-0.26%), and Kia (-1.41%) are down, while NAVER (1.48%), LG Chem (0.80%), and Kakao (2.70%) have risen.

The KOSDAQ index at the same time stood at 937.23, down 1.90% (18.14 points) from the previous trading day. The index started the day at 962.62, up 0.76% (7.25 points) from the previous day, and showed an increase of over 1% during the session but has now turned downward, showing a decline of nearly 2%. Looking at investor trends, individuals and institutions bought stocks worth 74 billion KRW and 14.7 billion KRW, respectively, while foreigners alone sold stocks worth 81.5 billion KRW.

Most of the top market capitalization stocks are declining. Celltrion Healthcare (-3.43%), EcoPro BM (-2.73%), L&F (-2.95%), Pearl Abyss (-0.23%), and HLB (-3.63%) have fallen.

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