Global Economic Slowdown and Interest Rate Hike Concerns... KOSPI Declines Across the Board

[Asia Economy Reporter Kwon Jae-hee] The KOSPI opened lower amid concerns over aggressive interest rate hikes by the Federal Reserve (Fed) amid the spotlight on global economic slowdown issues.

As of 9:20 a.m. on the 25th, the KOSPI was at 2,674.77, down 1.11% (30.15 points) from the previous trading day. The KOSPI started the day at 2,676.67, down 1.04% (28.04 points) from the previous trading day.

Looking at investor trends, individual investors alone bought stocks worth 134.5 billion KRW. On the other hand, foreigners and institutions sold stocks worth 60.1 billion KRW and 80.2 billion KRW, respectively.

Among the top market capitalization stocks, all top 10 KOSPI stocks were down. Samsung Electronics (-0.75%), LG Energy Solution (-0.69%), SK Hynix (-1.81%), Samsung Biologics (-0.75%), Samsung Electronics Preferred (-0.66%), NAVER (-2.17%), Kakao (-0.87%), Samsung SDI (-2.35%), Hyundai Motor (-1.39%), LG Chem (-1.13%) all showed declines.

At the same time, the KOSDAQ index was at 909.05, down 1.49% (13.73 points) from the previous trading day. The KOSDAQ index started at 909.53, down 1.44% (13.25 points). Looking at investor trends, individual investors again bought stocks worth 40.8 billion KRW, while foreigners and institutions sold stocks worth 15.9 billion KRW and 20.7 billion KRW, respectively.

Most of the top market capitalization stocks in the KOSDAQ market were also down. EcoPro BM (-1.08%), Celltrion Healthcare (-2.33%), L&F (-3.46%), Pearl Abyss (-0.21%), Kakao Games (-1.13%), Celltrion Pharm (-3.20%), HLB (-2.21%) were all on a downward trend. Among the top KOSDAQ stocks, Cheonbo (1.38%) and JYP Ent (2.78%) recorded gains.

Han Ji-young, a researcher at Kiwoom Securities, analyzed, "Since the KOSPI valuation and technical indicators suggest a low incentive for liquidation, the strategy of phased buying below the 2700 level is expected to remain valid. With major companies such as Hyundai Motor and SK Hynix scheduled to announce earnings, a differentiated market trend among individual sectors and stocks will emerge depending on whether market earnings expectations are met."

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