KOSPI Turns Upward to Close at 2470 Level... Monitoring US and China Real Economy Indicators

[Image source=Yonhap News]

On the 15th, the KOSPI, which opened slightly lower, turned upward and closed around the 2470 level.

On this day, the KOSPI index closed at 2479.35, up 0.16% (3.93 points) from the previous trading day. The KOSPI started the session at 2469.80, down 0.23% (5.62 points) from the previous close, continuing its weakness before turning upward in the afternoon.

By investor type, individuals and foreigners were net sellers of 100.5 billion KRW and 51 billion KRW respectively, while institutions were the sole net buyers with 143.7 billion KRW.

Due to delays in the US debt ceiling negotiations, recession concerns, and inflationary pressures, all three major indices on the New York Stock Exchange fell on the 12th (US Eastern Time), leading the Korean market to start weak on this day as well.

However, as institutions, which had shown selling pressure early in the session, turned to net buying, the index narrowed its losses and reversed to an upward trend.

Among the top 10 KOSPI market capitalization stocks, Samsung Electronics (0.62%), Samsung Biologics (1.02%), LG Chem (0.44%), Samsung SDI (1.35%), and Kia (0.67%) closed higher, while LG Energy Solution (-0.37%), SK Hynix (-0.92%), Samsung Electronics Preferred (-0.73%), Hyundai Motor (-0.24%), and NAVER (-0.70%) closed lower.

By sector, pharmaceuticals (0.70%), chemicals (0.55%), steel and metals (0.49%), machinery (0.39%), telecommunications (0.37%), and manufacturing (0.33%) rose, whereas electric and gas utilities (-1.84%), transportation and warehousing (-1.13%), medical precision (-1.13%), insurance (-0.59%), and services (-0.57%) declined.

Han Ji-young, a researcher at Kiwoom Securities, analyzed, "Currently, the market is highly sensitive to the side effects following the US Federal Reserve's tightening, so if US real economy indicators for April show weakness, we must prepare for the possibility of negative stock price reactions."

She added, "China's April real economy indicators will also impact the domestic stock market. China's economic recovery could lead to a recovery in demand across emerging markets, potentially causing meaningful changes in foreign investor flows domestically."

The KOSDAQ index closed down 0.96% (7.90 points) at 814.53.

By investor type, individuals and institutions bought stocks worth 48.1 billion KRW and 81.6 billion KRW respectively, while foreigners sold stocks worth 116.9 billion KRW.

Among the top 10 market capitalization stocks, Celltrion Healthcare (0.83%), L&F (2.71%), JYP Ent. (1.27%), and Pearl Abyss (5.37%) closed higher, while EcoPro BM (-1.76%), EcoPro (-4.23%), Celltrion Pharm (-0.25%), Kakao Games (-1.27%), and Osstem Implant (-0.11%) closed lower. HLB remained unchanged.

By sector, transportation equipment parts (0.49%), distribution (0.13%), textiles and apparel (0.13%), and digital content (0.10%) rose, whereas transportation (-3.04%), finance (-3.01%), computer services (-2.27%), machinery equipment (-2.26%), telecommunications services (-2.21%), semiconductors (-1.96%), publishing and reproduction (-1.80%), and information devices (-1.79%) mostly declined.

On this day, the trading value on the KOSPI and KOSDAQ markets was 6.8033 trillion KRW and 9.5856 trillion KRW respectively.

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