'Rising Start' KOSPI Turns Flat as US Presidential Election Vote Counting Intensifies

On the 6th, the KOSPI index, which started higher, turned to a flat trend as the vote counting situation in each state for the U.S. presidential election was actively reported.

As of 10 a.m. that day, the KOSPI index recorded 2,577.53, up 0.65 points (0.03%) from the previous trading day. The index opened at 2,591.90, up 15.02 points (0.58%), then narrowed its gains. Currently, foreigners are net selling 111.7 billion KRW, and institutions are net selling 74.9 billion KRW. Individuals bought 180.5 billion KRW on their own.

On the 6th, when the US presidential election main vote was underway, the KOSPI opened trading at 2,591.90 points, up 15.02 points (0.58%), and the KOSDAQ started at 757.23, rising 5.42 points. The won-dollar exchange rate fell slightly. In the dealing room at the Euljiro Hana Bank headquarters in Seoul, employees were working while news related to the US presidential election was being broadcast on TV.

Among the top market capitalization stocks, Korea Zinc (2.86%), SK Hynix (2.07%), KB Financial Group (0.77%), Shinhan Financial Group (0.74%), and NAVER (0.28%) are rising. LG Chem (-2.02%), Hyundai Motor (-1.63%), Kia (-1.44%), POSCO Holdings (-1.33%), Samsung C&T (-1.14%), and Samsung Biologics (-0.89%) are declining.

Korea Zinc, which is undergoing a management dispute, has been on a four-day winning streak after the Financial Supervisory Service reviewed the rights offering process. The Born Korea, led by CEO Baek Jong-won, saw its market capitalization exceed 800 billion KRW as its stock price rose about 60% compared to the public offering price of 34,000 KRW on its first day listed on the KOSPI.

By industry, machinery (2.05%), telecommunications (1.05%), food and beverages (0.67%), electrical and electronics (0.63%), and steel and metals (0.52%) sectors are rising. On the other hand, electricity and gas (-1.13%), transportation and warehousing (-1.13%), chemicals (-0.83%), distribution (-0.65%), construction (-0.61%), and insurance (-0.46%) sectors are declining.

On November 5th (local time), the day of the U.S. presidential election, the Dow Jones Industrial Average, centered on blue-chip stocks, closed at 42,221.88, up 427.28 points (1.02%) from the previous trading day in the New York stock market. The S&P 500 index, focused on large-cap stocks, rose 70.07 points (1.23%) to 5,782.76, and the Nasdaq index, centered on technology stocks, ended trading at 18,439.17, up 259.19 points (1.43%).

At the same time, the KOSDAQ index recorded 755.37, up 3.56 points (0.47%) from the previous session. The index opened at 757.23, up 5.42 points (0.72%). Foreigners sold 12.3 billion KRW, while institutions and individuals bought 10.1 billion KRW and 8.9 billion KRW, respectively.

Among the top market capitalization stocks, HPSP (8.70%), Silicon투 (4.71%), Pharma Research (3.34%), Ligachem Bio (2.85%), Alteogen (2.49%), and Voronoi (1.45%) are rising. HPSP appears to have attracted buying interest following news that Crescendo Equity Partners, a domestic private equity fund (PEF) operator and the largest shareholder, is pushing for a sale. On the other hand, Studio Dragon (-3.08%), Daewoo Electronics Materials (-2.73%), JYP Ent. (-1.94%), Nature Cell (-2.02%), Peptron (-1.09%) are declining.

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