Maintaining KOSPI at 2600... KOSDAQ Reverses to an Uptrend
On the 8th, the KOSPI index opened at 2,633.53, up 7.19 points (0.27%), as dealers were busy working in the Hana Bank dealing room in Euljiro, Seoul. The won-dollar exchange rate started at 1,255.0 won, down 2.7 won. Photo by Moon Honam munonam@
View original image[Asia Economy Reporter Junho Hwang] On the 9th, the stock market continued its downward trend in response to adverse factors such as rising market interest rates and high oil prices, coinciding with the "Four Witching Days."
As of 1:58 PM, the KOSPI stood at 2622.87, down 0.12% from the previous session. Although individual investors made net purchases worth 416.4 billion KRW, foreign investors (397.7 billion KRW) and institutions (52.1 billion KRW) both engaged in selling, causing the index to decline. On this day, the simultaneous expiration of futures and options led to foreign investors building short futures positions, resulting in continued selling pressure from both foreign and institutional investors.
Among all listed stocks, 645 are declining, and most of the top market capitalization stocks are also falling. The perennial market leaders such as Samsung Electronics (-0.61%), LG Energy Solution (-0.12%), and Samsung Biologics (-2.29%) saw their stock prices drop.
By sector, the number of rising stocks has increased compared to the morning session. Due to the rise in U.S. Treasury yields, the banking sector rose 2.28%, while transportation equipment, chemicals, non-metallic minerals, machinery, and medical precision sectors showed gains of less than 1%.
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Meanwhile, the KOSDAQ index recorded a 0.05% increase to 875.40 at this time. Individual investors are net buyers with purchases worth 154.2 billion KRW, while foreign and institutional investors showed net selling intentions of 128.7 billion KRW and 26.6 billion KRW, respectively. Among the top market capitalization stocks, EcoPro BM rose 3.30%, and HLB increased 4.73%, showing relatively strong gains.
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