KOSPI narrows losses but still below 2500... KOSDAQ down over 1%

On the 14th, KOSPI fell more than 1% in the early session, breaking below the 2500 mark, as dealers worked in the Hana Bank dealing room in Euljiro, Seoul. Photo by Moon Honam munonam@

[Asia Economy Reporter Kwon Jaehee] On the 14th, the KOSPI and KOSDAQ indices, which started the day lower, partially recovered their losses in the afternoon. However, the KOSPI index is still trading below the 2500 level, and the KOSDAQ index continues to maintain a decline of around 1% as it did in the morning.

As of 2:40 PM, the KOSPI index was trading at 2486.45, down 0.72% (18.06 points) from the previous trading day. Although the KOSPI index, which initially recorded a decline of over 1%, is gradually narrowing its losses, it remains below the 2500 mark. It briefly returned above 2500 during the session but gave up some of the gains in the afternoon.

By investor type, individuals and institutions are leading the buying. Individuals net bought 24.7 billion KRW, and institutions net bought 223.3 billion KRW, while foreigners sold off 280.3 billion KRW.

Among the top 10 market capitalization stocks, all are declining except for LG Energy Solution (2.77%), SK Hynix (0.10%), and LG Chem (0.18%). Samsung Electronics (-0.16%), Samsung Biologics (-0.38%), Samsung Electronics Preferred (-0.35%), NAVER (-0.98%), Samsung SDI (-3.46%), Hyundai Motor (-3.57%), and Kakao (-0.65%) are all showing losses.

At the same time, the KOSDAQ index is trading at 819.77, down 1.09% (9.00 points). By investor type, individuals and foreigners are net sellers of 77.3 billion KRW and 11.2 billion KRW respectively, while institutions are the sole net buyers with 83.7 billion KRW.

Among the top market capitalization stocks on the KOSDAQ, EcoPro BM (3.25%), Celltrion Healthcare (2.17%), L&F (2.79%), Kakao Games (0.87%), HLB (0.41%), and Celltrion Pharm (1.04%) rose, while Pearl Abyss (-0.68%), Cheonbo (-0.61%), and CJ ENM (-1.57%) declined. Notably, Wemade recorded a sharp drop of -13.41%.

Kim Hakgyun, Head of Research Center at Shin Young Securities, advised, "Today’s market decline was inevitable, and it appears to have reached undervalued territory. Although there is an 'overkill' pattern where prices have fallen excessively compared to corporate earnings value or assets, there is no practical benefit in selling, so holding quality stocks seems to be a valid strategy."

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