KOSPI Starts Slightly Firm... Hesitates in Early Trading

Rise Narrowed Due to Foreigners and Institutions Selling Both Sides... Dropped to the 2950s

[Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] KOSPI Starts Slightly Higher... Falters Early in the Session

KOSPI opened higher for the second consecutive day but showed some hesitation in the early trading hours.

On the 8th, KOSPI opened at 2,977.82, up 0.62% (18.36 points) from the previous day. However, it soon narrowed its gains and dropped to the 2,950 level. As of 9:38 a.m., it fell to 2,957.80.

By investor type, foreigners and institutions sold net amounts of 35.8 billion KRW and 315.8 billion KRW respectively, while individuals bought net 335.7 billion KRW.

The ratio of declining to rising sectors was similar. Banking (-2.15%), transportation and warehousing (-1.94%), and telecommunications (-1.70%) fell, whereas non-metallic minerals (1.87%), steel and metals (1.26%), and transportation equipment (1.13%) rose.

Most of the top 10 market capitalization stocks were rising. Celltrion led with a 3.05% increase, followed by LG Chem (2.04%), Hyundai Motor (1.99%), Kia (1.25%), Samsung SDI (1.20%), Samsung Electronics (0.42%), and Samsung Biologics (0.12%). SK Hynix (-1.88%), NAVER (-1.14%), and Kakao (-0.42%) declined.

The KOSDAQ showed a similar trend. It opened at 959.81, up 0.67% (6.38 points) from the previous day, but then softened. As of 9:38 a.m., it dropped to 953.84.

In the KOSDAQ market, foreigners and institutions sold net amounts of 132.1 billion KRW and 48.9 billion KRW respectively, while individuals bought net 182 billion KRW.

The number of declining and rising sectors was also similar. Semiconductors (-0.99%), transportation (-0.88%), and entertainment and culture (-0.85%) fell, while distribution (1.70%), broadcasting services (1.55%), and telecommunications broadcasting services (1.20%) rose.

The top 10 market capitalization stocks were mostly up. Celltrion Healthcare (2.88%), Celltrion Pharm (2.62%), L&F (2.02%), CJ ENM (1.00%), Wemade (0.91%), and HLB (0.20%) led the gains. Kakao Games (-2.67%), SK Materials (-0.91%), and Pearl Abyss (-0.22%) declined.

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