Domestic Stock Market Declines Together... KOSPI Down 0.29%, KOSDAQ Down 1.25%

[Image source=Yonhap News]

[Asia Economy Reporter Park Ji-hwan] The domestic stock market started off with a simultaneous decline. This is interpreted as a negative reflection on investor sentiment due to the overnight U.S. stock market showing weakness centered on technology stocks amid interest rate hike concerns.

On the 5th, as of 9:13 a.m., the KOSPI was at 2,980.71, down 8.53 points (0.29%) from the previous day. The index opened at 2,984.05, down 5.19 points (0.17%) from the previous close, and continued its downward trend.

By investor type, individual and foreign investors were net buyers of 21.4 billion KRW and 153.8 billion KRW, respectively. Conversely, institutions were net sellers of 179.8 billion KRW.

Among the top 10 stocks by market capitalization, most showed a decline. Samsung Electronics (-0.13%), SK Hynix (-0.78%), Samsung Biologics (-1.58%), NAVER (-3.01%), and Kakao (-3.59%) all fell. Meanwhile, Hyundai Motor (2.62%) and Kia (3.35%) rose.

At the same time, the KOSDAQ was down 12.89 points (1.25%) from the previous day, standing at 1,018.77. The index started at 1,029.12, down 2.54 points (0.25%), and widened its losses.

By investor type, only individual investors were net buyers with 105.5 billion KRW. Foreign and institutional investors were net sellers of 76.5 billion KRW and 26.5 billion KRW, respectively.

Among the top 10 stocks by market capitalization, all except HL Biotech (0.70%) declined. Wemade had the largest drop at -6.80%. Celltrion Healthcare (-2.53%), EcoPro BM (-1.52%), Pearl Abyss (-2.45%), L&F (-2.41%), and Kakao Games (-3.54%) also fell.

In the securities industry, it is analyzed that the negative factors affecting the U.S. stock market overnight are being reflected in domestic market investor sentiment. Seo Sang-young, a researcher at Mirae Asset Securities, said, "The continued rise in interest rates in the U.S. stock market, following the previous day, has brought valuation concerns, leading to sell-offs mainly in semiconductor and software technology stocks, which is a burden," adding, "The Korean stock market is expected to start lower but show resilience centered on stocks with high earnings improvement expectations and those expected to benefit from eased supply chain concerns."

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