Early April First Trading Day Sees KOSPI and KOSDAQ Both Decline

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] On the first trading day of April, both the KOSPI and KOSDAQ indices are showing a downward trend due to net selling by foreigners and institutions.

As of 9:17 a.m. on the 1st, the KOSPI is at 2,735.13, down 0.82% (22.52 points) from the previous trading day. The KOSPI opened at 2,745.85, down 0.43% (11.80 points) from the previous day, and has been showing a steep decline. In the stock market today, foreigners and institutions sold stocks worth 53.6 billion KRW and 134.6 billion KRW respectively, while individuals alone bought stocks worth 193.6 billion KRW.

The domestic stock market is expected to be influenced by the decline in the US stock market amid concerns about an economic recession. Additionally, the March export-import trends announced before the market opened, which showed a lower growth rate compared to the previous month, are also interpreted as having an impact. Han Ji-young, a researcher at Kiwoom Securities, explained, "Downward factors such as caution over US employment indicators and controversies over the narrowing yield curve are mixed, resulting in limited stock price movements. Furthermore, Russia's demand for ruble payments for natural gas may lead to a continued energy-driven inflation-sensitive market."

Looking at the top market capitalization stocks, Samsung Electronics (-0.72%), LG Energy Solution (-1.24%), SK Hynix (-0.85%), NAVER (-1%), Samsung Biologics (-0.97%), Kakao (-0.94%), Samsung SDI (-1.17%), Hyundai Motor (-1.66%), and LG Chem (-0.38%) all declined.

At the same time, the index is at 938.11, down 0.68% (6.42 points) from the previous trading day. The index opened at 940.49, down 0.43% (4.04 points) from the previous day, and the decline is widening. Foreigners and institutions are net selling stocks worth 43.4 billion KRW and 30.4 billion KRW respectively, while individuals are net buying stocks worth 77.5 billion KRW alone.

Among the top market capitalization stocks, L&F (0.18%), Pearl Abyss (0.5%), and Cheonbo (0.89%) rose, while Celltrion Healthcare (-1.22%), EcoPro BM (-0.2%), Kakao Games (-1.4%), Celltrion Pharm (-1.53%), Wemade (-2.51%), and CJ ENM (-1.22%) declined.

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