KOSPI and KOSDAQ Decline... Semiconductor Weakness, Battery Strength

POSCO Holdings and POSCO Future M Reach New Record Highs

Photo by Seoul Myeongdong Hana Bank Head Office Dealing Room [Image source=Yonhap News]

On the 24th, both the KOSPI and KOSDAQ are falling due to a combined 'sell-off' by foreigners and institutions. In particular, semiconductors and automobiles are showing weakness. On the other hand, the battery sector is demonstrating strength. Especially, POSCO Holdings and POSCO Future M are standing out within the sector by hitting new record highs.

As of 9:16 AM, the KOSPI is trading at 2599.04, down 0.41% (10.72 points) from the previous trading day. The KOSPI started the day at 2608.47, down 0.05% (1.29 points), and has been gradually widening its losses.

Foreigners and institutions are net sellers of 234 billion KRW and 216.3 billion KRW respectively, pulling the index down. Individual investors alone are net buyers of 445.6 billion KRW. In the futures market, foreigners alone are selling 186.6 billion KRW, while individuals and institutions are buying 126.1 billion KRW and 37.7 billion KRW respectively.

The top 10 stocks by market capitalization are mixed. Semiconductors and automobiles are weak, while the battery sector is strong. Samsung Electronics is trading at 70,000 KRW, down 0.43% from the previous day. SK Hynix is also down 1.22%, trading at 113,700 KRW. On the other hand, POSCO Holdings and POSCO Future M surged 9.26% and 5.81% respectively, hitting new record highs.

As of 9:20 AM, the KOSDAQ is trading at 923.92, down 1.14% (10.66 points) from the previous trading day. It started the day at 934.99, up 0.04% (0.41 points), but soon turned downward. Like the KOSPI, it is showing weakness due to supply and demand pressure. Foreigners and institutions are net sellers of 84.1 billion KRW and 27.4 billion KRW respectively. Meanwhile, individual investors alone are net buyers of 121.2 billion KRW.

Most of the top 10 stocks by market capitalization are weak. Only EcoPro BM +2.10%, L&F +4.29%, and POSCO DX +0.64% are rising. EcoPro, which has become a dominant stock, is showing a flat trend.

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