Concerns Over Prolonged High Interest Rates... KOSPI and KOSDAQ Start with Joint Decline

On the 21st, both the KOSPI and KOSDAQ indices started the day with declines.

As of 9:12 a.m., the KOSPI index was trading at 2,545.50, down 14.24 points (0.56%) from the previous trading day. Individuals and foreigners were net buyers of 47.4 billion KRW and 2.2 billion KRW respectively, while institutions were net sellers of 50.9 billion KRW.

Among the top market capitalization groups in the Korea Composite Stock Price Index, Samsung Electronics (0.14%) was the only stock showing a slight gain, while most other stocks were declining. LG Chem (-3.09%), LG Energy Solution (-1.50%), and SK Hynix (-1.44%) showed weakness in the early session.

Han Ji-young, a researcher at Kiwoom Securities, said, "The market started lower due to U.S.-related burdens such as the entry of the U.S. 10-year Treasury yield into the 4.4% range following some hawkish outcomes from the September Federal Open Market Committee (FOMC), and concerns over weak pre-orders for the iPhone 15 leading to Apple’s weakness. However, considering the statements made in the FOMC conclusion, it is expected that the intraday decline will narrow as the market reacts to whether U.S. futures rebound and the results of South Korea’s September exports."

At the same time, the KOSDAQ index was down 3.43 points (-0.39%) from the previous trading day, standing at 879.29. Individuals were net buyers of 45.5 billion KRW, while foreigners and institutions were net sellers of 28.5 billion KRW and 18.0 billion KRW respectively.

Among the top market capitalization groups in KOSDAQ, EcoPro was strong in the early session, rising 3.15%. On the other hand, POSCO DX (-2.40%), Rainbow Robotics (-1.60%), and L&F (-1.44%) were declining.

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