KOSPI Slightly Lower in Early Trading... Maintains 2700 Level Amid Wait-and-See Sentiment

Slight Fluctuations Around Early 2700s
Samsung Electronics and SK Hynix Both Decline
Domestic Market Amid Optimism Following US Stock Rise

The KOSPI shows a slight decline in the early session around the low 2700s.

On the 22nd, the KOSPI index opened at 2,710.95, up 9.82 points (0.36%) from the previous trading day, and the won/dollar exchange rate started at 1,333.6 won, down 1.2 won. Dealers are working in the dealing room at the Hana Bank headquarters in Jung-gu, Seoul. Photo by Jo Yongjun jun21@

As of 10:25 a.m. on the 22nd, the KOSPI index is trading at 2706.22, up 0.20% (5.09 points) from the previous close. The KOSPI opened at 2710.95, up 9.82 points (0.36%) from the previous day's closing price, and is fluctuating between 2700 and 2710 in the early session.

By investor type, individuals are net buyers with 19.7 billion KRW, and institutions are net buyers with 67.1 billion KRW. On the other hand, foreigners sold 88.6 billion KRW.

By sector, steel and metals are showing strength with a 2.30% increase. Chemicals (1.56%), services (1.25%), textiles and apparel (0.68%), electricity and gas (0.88%), and distribution (0.51%) are also outperforming the index's rise. Conversely, medical precision (-2.46%), transportation equipment (-1.58%), insurance (-1.44%), machinery (-1.34%), and construction (-1.04%) are all down more than 1%.

Among the top 10 market cap stocks, LG Energy Solution is showing strength with a 3.57% rise, and Samsung Biologics is also up 0.11%. The other eight stocks are all weaker. Samsung Electronics (-0.13%) and SK Hynix (-0.31%) are both declining, and Hyundai Motor is also down 11.58%.

The U.S. stock market rose across the board the previous day on expectations of a pivot (monetary policy shift). The Federal Open Market Committee (FOMC) July minutes indicated that most members support a rate cut, providing positive momentum. The Jackson Hole meeting on the 23rd and Nvidia’s earnings announcement on the 28th are seen as upcoming turning points.

The KOSDAQ index is trading at 776.15, down 3.72 points (0.48%) from the previous day. It opened higher at 782.59, up 2.72 points, but turned downward shortly after the opening.

By investor type, individuals alone are net buyers with 118.4 billion KRW, while foreigners and institutions are net sellers with 51.5 billion KRW and 44.5 billion KRW, respectively.

Leading stock EcoPro BM is up 2.50%, and EcoPro is also showing an upward trend (1.48%). However, most other top-ranking stocks are weak. Stocks that had shown good recent performance, such as Hugel (-2.62%), Rigachem Bio (-2.74%), Samchundang Pharm (-1.85%), Classys (-1.48%), and Rino Industries (-1.58%), are declining.

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