KOSPI Starts Lower... Falls Below 2500 Level
On the 7th, the domestic stock market opened lower.
As of 9:16 AM, the KOSPI index stood at 2,485.24, down 10.14 points (0.41%) from the previous session. Individuals and foreigners were net buyers with 128.4 billion KRW and 24.8 billion KRW respectively, while institutions were net sellers with 151.3 billion KRW.
Among the top market capitalization stocks in the KOSPI market, most stocks showed slight declines except for SK Hynix (0.72%). NAVER was down 1.41%, showing weakness in the early session.
Han Ji-young, a researcher at Kiwoom Securities, said, "The current low market volatility, prevailing optimism, and the index being near its peak level could trigger short-term noise. It is necessary to be prepared for this." She added, "During this process, both the US and Korea may see increased price and demand volatility centered on small and mid-cap stocks, so it is appropriate to maintain a portfolio weighted toward large-cap stocks."
At the same time, the KOSDAQ index was trading at 816.77, down 2.77 points (0.34%) from the previous session. Individuals were net buyers with 92.6 billion KRW, while foreigners and institutions were net sellers with 68.6 billion KRW and 20.4 billion KRW respectively.
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Among the top market capitalization stocks in the KOSDAQ market, Alteogen (2.58%) and EcoPro BM (1.50%) showed gains in the early session, while HPSP (-4.18%) and HLB (1.83%) were weak.
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