Ongoing Tensions in Ukraine... KOSPI and KOSDAQ Give Back Previous Day's Gains

Foreigners and Institutions Sell, Individuals Buy
"Fluctuations Expected Due to Russia Sanctions Issue"

[Asia Economy Reporter Minji Lee] The KOSPI and KOSDAQ indices have sharply declined, giving back all the gains from the previous day. This is analyzed as reflecting concerns over the escalation of armed conflict between Ukraine and Russia, along with expectations that strong sanctions imposed by Western countries on Russia could lead to a global economic slowdown.

As of 9:15 a.m. on the 24th, the KOSPI stood at 2690.68, down 1.06% (28.85 points) from the previous trading day. The KOSPI opened the session at 2689.32, down 1.11% (30.25 points) from the previous day. In the market, individuals were the sole net buyers. Individuals purchased stocks worth 211.3 billion KRW, while foreigners and institutions sold stocks worth 130.2 billion KRW and 83.2 billion KRW, respectively.

It is analyzed that the domestic stock market is being affected by the decline in the U.S. stock market from the previous day. The U.S. stock market widened its losses as it actively reflected concerns over armed conflict between Ukraine and Russia and inflation worries due to sanctions. Although the U.S. administration pledged to suppress energy prices even if sanctions continue, energy prices came under significant upward pressure after President Biden officially expanded the scope of sanctions on Russia.

Seonghoon Seo, a researcher at Samsung Securities, said, “The domestic stock market will continue to fluctuate due to the issue of sanctions on Russia. However, since all Western countries are deeply concerned about inflation, it is necessary to keep in mind the possibility that the level of sanctions will be maintained at an appropriate level.”

Looking at the top market capitalization stocks, Samsung Electronics traded down 1.10% at 72,200 KRW. LG Energy Solution (-1.36%), SK Hynix (-2.72%), Samsung Biologics (-0.91%), NAVER (-1.13%), LG Chem (-1.53%), Kakao (-1.08%), Hyundai Motor (-1.39%), and Samsung SDI (-2.55%) also declined.

At the same time, the KOSDAQ index stood at 869.90, down 0.85% (7.53 points) from the previous trading day. The KOSDAQ opened at 869.24, down 0.92% (8.09 points) from the previous day. Regarding investor trends, individuals and foreigners bought stocks worth 20.5 billion KRW and 6.4 billion KRW, respectively, while institutions sold stocks worth 23.0 billion KRW.

Among the top market capitalization stocks, Celltrion Healthcare (-3.18%), EcoPro BM (-1.65%), L&F (-1.93%), Pearl Abyss (-0.73%), Kakao Games (-1.11%), Wemade (-1.56%), HLB (-1.84%), Chunbo (-1.21%), and CJ ENM (-1.16%) all declined.

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