KOSPI Drops 1% Early in Session... "Stock-Specific Market Expected for the Time Being"

The domestic stock market started lower on the 1st.

As of 9:15 a.m. that day, the KOSPI index stood at 2510.80, down 24.49 points (0.97%) from the previous session. Individual investors were net buyers of 198.9 billion KRW, while foreigners and institutions were net sellers of 80.9 billion KRW and 120.2 billion KRW, respectively.

Most of the top market capitalization groups in the KOSPI market were in a downtrend in the early session. LG Energy Solution showed a decline of 5.06%, indicating weakness. Other major stocks such as Samsung Electronics (-1.24%), SK Hynix (-1.19%), and POSCO Holdings (-1.76%) were all down.

Han Ji-young, a researcher at Kiwoom Securities, said, "With U.S. inflation data meeting expectations and the Federal Reserve officials entering a blackout period starting next week, rather than macro variables, a rotation focusing on the Korean November export data released that day and theme stocks is expected." She added, "Rotation among themes such as robotics, solar power, internet games, or nuclear power, defense, and political theme stocks is effective." She further noted, "Themes such as power equipment, electronics, and payment are also valid, and a stock-specific market is expected to unfold until the December Federal Open Market Committee (FOMC) meeting."

At the same time, the KOSDAQ index was trading at 824.18, down 7.50 points (0.90%). Individual investors were net buyers of 144.8 billion KRW, while foreigners and institutions were net sellers of 70.5 billion KRW and 62.9 billion KRW, respectively.

Among the top market capitalization groups in KOSDAQ, HPSP (2.26%) was the only stock showing an upward trend. Others such as EcoPro BM (-4.38%), EcoPro (-3.74%), and POSCO DX (-4.36%) were weak in the early session.

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