KOSPI Continues to Fall Below 2600... Only Individuals Net Buyers
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 10th, the KOSPI is showing a downward trend, failing to recover the 2600 level.
As of 11:15 AM that day, the KOSPI stood at 2594.20, down 1.19% from the previous day. Although individuals engaged in net buying worth 631.8 billion KRW, the index is declining amid net selling intentions from foreign investors (477 billion KRW) and institutions (156.6 billion KRW).
The hawkish European Central Bank (ECB) meeting results, renewed tightening of COVID-19 regulations in China, and cautious sentiment over the US May Consumer Price Index (CPI) are suppressing investor sentiment, keeping the market rigid on the downside.
Among all stocks, 661 showed a downward trend, while 213 showed an upward trend. Most of the top market capitalization stocks are recording declines. Samsung Electronics, the unchanging market leader, fell 1.84% from the previous session, trading at 64,000 KRW per share. Samsung Electronics' stock price even dropped to the 63,000 KRW range in early trading. SK Hynix fell by 2.37%, and LG Energy Solution also declined by 1.78%.
By sector, with no sectors showing gains, industries such as Medical Precision (-2.23%), Steel & Metals (-2.00%), Machinery (-1.87%), and Electrical & Electronics (-1.76%) are experiencing significant declines.
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
The KOSDAQ also recorded 870.91, down 0.71% from the previous session at this time. While individuals made net purchases worth 93.7 billion KRW, foreign and institutional investors engaged in net selling of 57.7 billion KRW and 33.9 billion KRW respectively, resulting in a downward trend in the index. Among the top market capitalization stocks, EcoPro BM (0.42%) and Wemade (2.44%) are showing gains, but the rest are declining.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
