Ahead of US April CPI, KOSPI Declines... KOSDAQ Rebounds on Individual Buying Momentum

[Asia Economy Reporter Lee Jung-yoon] Ahead of the release of the US Consumer Price Index (CPI) for April, the KOSPI showed a downward trend on the morning of the 11th.

As of 9:07 AM, the KOSPI index recorded 2,590.73, down 5.83 points (0.22%) from the previous day. The KOSPI opened at 2,586.52, down 10.04 points (0.39%) from the previous day. Individual investors prevented the index from falling by net buying about 80.3 billion KRW, while foreigners and institutions net sold approximately 16.1 billion KRW and 64.1 billion KRW, respectively.

The KOSDAQ index succeeded in rebounding. At the same time, the KOSDAQ index rose 1.24 points (0.14%) from the previous day to 857.38. It opened at 853.73, down 2.41 points (0.28%) from the previous trading day, but showed an upward trend as individual buying continued. Individuals purchased about 24.3 billion KRW, while foreigners and institutions net sold about 5.5 billion KRW and 18.5 billion KRW, respectively.

Seo Jeong-hoon, a researcher at Samsung Securities, explained, "Tomorrow, the US Department of Labor is scheduled to release the April Consumer Price Index, and experts expect a slight decline from last month's 8.5% to 8.1%. If signs of easing inflation are confirmed, volatility in the US stock market is also expected to ease."

He added, "In the case of the domestic stock market, since the valuation level has significantly decreased, the additional downside risk is considered low. It is necessary to prepare for a rebound, focusing on sectors where earnings improvement is highlighted."

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