KOSPI Falls Ahead of US CPI... Below 2600 Mark '↓'

The KOSPI is falling below the 2600 mark ahead of the U.S. July Consumer Price Index (CPI) announcement.

As of 9:44 a.m. on the 10th, the KOSPI recorded 2592.39, down 12.73 points (0.49%) from the previous trading day.

On the 9th (local time) at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed at 35,123.36, down 191.13 points (0.54%) from the previous trading day. The S&P 500, focused on large-cap stocks, fell 31.67 points (0.7%) to 4,467.71, and the tech-heavy Nasdaq dropped 162.31 points (1.17%) to 13,722.02.

Investors are closely watching the July Consumer Price Index (CPI) data to be released the next day. Additionally, the Biden administration's U.S. investment sanctions against China have had an impact. As a result, the Korean stock market is also declining, centered on semiconductor stocks.

By investor type, foreign investors are net sellers with 54 billion KRW. In contrast, individuals and institutions are net buyers with 22.8 billion KRW and 17.6 billion KRW, respectively.

By sector, medical precision equipment is down 2.20%, and electrical and electronics are down 1.18%. On the other hand, textiles and apparel rose 3.44%, and distribution increased by 2.41%. Additionally, food and beverages, transportation and warehousing sectors are also up more than 1%.

Among the top market capitalization stocks, Samsung Electronics traded at 68,200 KRW, down 700 KRW (1.02%) from the previous trading day. SK Hynix, NAVER, and Hyundai Mobis also fell more than 2%. LG Chem, Samsung SDI, Kakao, and Celltrion declined more than 1%.

The KOSDAQ recorded 899.84, down 9.14 points (1.01%).

By investor type, foreign investors and institutions were net sellers of 162.9 billion KRW and 75.2 billion KRW, respectively. Meanwhile, individuals were net buyers of 260.7 billion KRW.

By sector, semiconductors fell 3.94%, and software, non-metallic minerals, IT components, and machinery equipment declined more than 1%. Conversely, the internet sector rose 3.59%, and textiles and apparel and broadcasting services also increased more than 1%.

Among the top market capitalization stocks, EcoPro BM traded at 339,000 KRW, down 4,500 KRW (1.31%) from the previous trading day. HPSP dropped 9.35%, and POSCO DX, JYP Ent, and HLB fell more than 1%. On the other hand, EcoPro, Pearl Abyss, and Celltrion Pharm showed slight gains.

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