Russia's Imminent Invasion of Ukraine... KOSPI Turns Even More Blue

KOSPI and KOSDAQ Decline Widens
Foreigners and Institutions Sell, Individuals Buy Alone

Due to geopolitical tensions surrounding Russia and Ukraine, the KOSPI started on a downward trend. On the 24th, a dealer is checking the situation in Ukraine at the Hana Bank headquarters dealing room in Jung-gu, Seoul. Photo by Jinhyung Kang aymsdream@

[Asia Economy Reporter Minji Lee] The KOSPI and KOSDAQ indices are experiencing widening declines. This is analyzed to be due to news that Russia's invasion of Ukraine is imminent.

At 10:30 a.m. on the 24th, the KOSPI was at 2,671.34, down 1.77% (48.19 points) from the previous trading day. The KOSPI started the day at 2,689.32, down 1.11% (30.25 points) from the previous trading day, and the decline has been accelerating.

During the session, U.S. Secretary of State Antony Blinken's remarks that Russia's invasion would begin within hours had a negative impact. Reports that a U.S. military drone was hovering near the Donetsk People's Republic in Ukraine and that Russia issued a NOTAM (a specialized notice sent to airlines, pilots, and aviation officials worldwide) banning civilian flights in the Rostov region bordering eastern Ukraine have increased fears of war.

Currently, individual investors are the only ones buying stocks in the market. Individuals purchased stocks worth 626.9 billion KRW, while foreigners and institutions sold stocks worth 279.9 billion KRW and 363.9 billion KRW, respectively.

Among the top market capitalization stocks, Samsung Electronics traded down 1.51% at 71,900 KRW. LG Energy Solution (-4.52%), SK Hynix (-3.50%), Samsung Biologics (-1.04%), NAVER (-2.43%), LG Chem (-4.41%), Kakao (-1.62%), Hyundai Motor (-2.22%), and Samsung SDI (-3.83%) also declined.

At the same time, the KOSDAQ index was at 861.45, down 1.81% (15.88 points) from the previous trading day. The KOSDAQ started the day at 869.24, down 0.92% (8.09 points) from the previous trading day. Regarding investment trends, individuals alone bought stocks worth 168.2 billion KRW. Foreigners and institutions sold stocks worth 96.2 billion KRW and 65.8 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Healthcare (-3.66%), EcoPro BM (-3.82%), L&F (-3.13%), Pearl Abyss (-1.87%), Kakao Games (-1.39%), Wemade (-0.78%), HLB (-2.84%), Chunbo (-4.53%), and CJ ENM (-1.70%) all declined.

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