Due to War and Inflation Concerns, KOSPI Falls Over 1%... KOSDAQ Also Threatened Below 900 Level

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] Both the KOSPI and KOSDAQ indices are recording declines of over 1%. The heightened tone of Federal Reserve (Fed) Chair Jerome Powell's remarks on inflation appears to have expanded market caution. Additionally, profit-taking following a short-term surge in the previous trading session is interpreted as exerting downward pressure on the market.

As of 11:12 AM on the 4th, the KOSPI stands at 2715.56, down 1.15% (31.52 points) from the previous trading day. The KOSPI opened at 2736.58, down 0.38% (10.50 points) from the previous day, and widened its losses.

By investor type, individual investors were net buyers with 629.1 billion KRW, while foreigners and institutions were net sellers with 377.8 billion KRW and 258.0 billion KRW, respectively.

By sector, transportation and warehousing (3.84%), construction (0.81%), telecommunications (0.51%), machinery (0.43%), and steel and metals (0.4%) rose, while electrical and electronics (-1.89%), securities (-1.58%), textiles and apparel (-1.51%), and services (-1.45%) declined, showing a mixed trend.

All stocks within the top 10 by market capitalization also recorded declines. Samsung Electronics (-1.65%), LG Energy Solution (-1.60%), SK Hynix (-2.71%), Samsung Electronics Preferred (-0.76%), Naver (-1.54%), Samsung Biologics (-0.89%), Kakao (-1.76%), LG Chem (-3.76%), and Samsung SDI (-2.90%) all showed downward trends.

At the same time, the KOSDAQ index is trading at 902.98, down 1.02% (9.34 points) from the previous day. The KOSDAQ opened at 908.47, down 0.42% (3.85 points) from the previous day.

By investor type, individual investors alone purchased 210.3 billion KRW, while foreigners and institutions were net sellers of 129.3 billion KRW and 76.7 billion KRW, respectively.

By sector, metals (1.41%), transportation (0.87%), and entertainment and culture (0.67%) rose, while digital content (-2.89%), IT and software (-2.22%), publishing (-1.85%), internet (-1.72%), chemicals (-1.63%), paper and wood (-1.61%), and IT components (-1.58%) declined.

All stocks within the top 10 by market capitalization on the KOSDAQ also showed declines. Celltrion Healthcare is trading at 66,900 KRW, down 1.04% from the previous day. EcoPro BM (-0.87%), L&F (-2.21%), Pearl Abyss (-1.87%), Kakao Games (-2.91%), Wemade (-5.43%), Celltrion Pharm (-1.47%), HLB (-2.08%), and Chunbo (-2.32%) are also recording losses.

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