Sideways Movement Continues on KOSPI... Maintaining the 2980 Level

KOSDAQ Falls to the 1020s

On the 4th, the KOSPI and KRW-USD exchange rate are displayed in the dealing room of Hana Bank headquarters in Jung-gu, Seoul. [Image source=Yonhap News]

[Asia Economy Reporter Minwoo Lee] The KOSPI continues to hover around the 2980 level amid a slightly bearish trend.

As of 1:40 PM on the 4th, the KOSPI recorded 2982.70, down 0.20% from the previous day. After opening slightly higher at 2991.97, it shifted to a slightly bearish trend but maintained the 2980 level.

By investor type, foreigners and individuals were net buyers of 79.1 billion KRW and 578.1 billion KRW respectively. Institutions were net sellers of 665.4 billion KRW.

The sectoral gains and losses were similar. Medical precision (2.67%), steel & metals (1.78%), insurance (1.61%), chemicals (1.52%), and non-metallic minerals (0.96%) rose, while banks (-2.25%), pharmaceuticals (-2.14%), and textiles & apparel (-1.98%) fell.

At the same time, the KOSDAQ index fell 0.86% from the previous day to 1028.92. Like the KOSPI, it started slightly higher but then turned downward.

Individuals alone were net buyers of 492 billion KRW. Foreigners and institutions were net sellers of 269.8 billion KRW and 208.3 billion KRW respectively.

Many sectors declined. Digital content (-4.07%), IT S/W & SVC (-2.26%), entertainment & culture (-2.06%), and semiconductors (-1.61%) saw the largest drops. Non-metallic (3.56%), construction (1.58%), and other manufacturing (1.07%) rose.

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