Stock Market Pressured by Inflation Concerns... KOSPI and KOSDAQ Start Lower
[Asia Economy Reporter Kwon Jae-hee] The KOSPI opened lower. The prolonged Ukraine crisis has heightened inflation concerns, leading to a decline in the U.S. stock market. Additionally, profit-taking following a short-term surge in the previous trading session appears to have exerted downward pressure on our stock market.
As of 9:12 a.m. on the 4th, the KOSPI index stood at 2,725.46, down 0.79% (21.62 points) from the previous trading day. Looking at investor trends, individual investors net bought stocks worth 127.4 billion KRW, while foreigners and institutions net sold stocks worth 79.6 billion KRW and 47.2 billion KRW, respectively.
Most of the top market capitalization stocks are also showing a downward trend. Samsung Electronics is trading at 71,900 KRW, down 1.37% from the previous trading day. LG Energy Solution (-0.92%), SK Hynix (-2.33%), Samsung Electronics Preferred (-0.76%), Naver (-1.23%), Samsung Biologics (-0.76%), Kakao (-1.55%), LG Chem (-2.69%), Samsung SDI (-1.81%), and Hyundai Motor (-0.85%) are all declining.
At the same time, the KOSDAQ index is at 905.56, down 0.74% (6.76 points) from the previous trading day. Regarding investor trends, individual investors net bought stocks worth 61.1 billion KRW, while foreigners and institutions net sold stocks worth 43.6 billion KRW and 14.6 billion KRW, respectively.
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Among the top market capitalization stocks, Celltrion Healthcare is trading at 67,500 KRW, down 0.15% from the previous trading day. L&F (-1.13%), Pearl Abyss (-3.54%), Kakao Games (-2.12%), Wemade (-2.67%), Celltrion Pharm (-0.21%), HLB (-0.80%), and Chunbo (-0.51%) are also declining.
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