KOSPI Falls Below 3,200 on U.S. Inflation Concerns... KOSDAQ Also Ends Slightly Lower
On July 16, the domestic stock market closed lower across the board due to concerns over a rebound in U.S. inflation. The market's attention is now focused on the Producer Price Index (PPI) to be announced tonight.
On this day, the KOSPI ended trading at 3,186.38, down 28.90 points (0.90%) from the previous day. The index had opened at 3,207.48, down 7.80 points (0.24%), and attempted to recover the 3,200 level during the session as its losses narrowed, but soon retreated again. Institutions led the selling by offloading 552.8 billion won, while individuals and foreigners absorbed the supply by net buying 429.9 billion won and 24.8 billion won, respectively.
However, in the KOSPI200 futures market, individuals and foreigners net sold 121.7 billion won and 586.8 billion won, respectively, while institutions net bought 727.0 billion won.
Among large-cap stocks, performance was mixed. HD Hyundai Heavy Industries (up 1.77%), Samsung Electronics (up 1.57%), Hanwha Aerospace (up 0.71%), and NAVER (up 0.20%) closed slightly higher, but KB Financial Group (down 5.02%), Doosan Enerbility (down 2.60%), Shinhan Financial Group (down 1.98%), LG Energy Solution (down 1.74%), Hyundai Motor (down 1.66%), and Celltrion (down 1.01%) declined. SK Hynix also ended slightly lower despite the strength of Nvidia.
On the same day, the KOSDAQ finished at 812.23, down 0.65 points (0.08%). The index had opened at 810.09, down 2.79 points (0.34%). While individuals net bought 153.0 billion won, foreigners and institutions net sold 75.5 billion won and 64.8 billion won, respectively.
Among the top KOSDAQ stocks, Alteogen (up 3.62%), Leeno Industrial (up 2.71%), Classys (up 1.87%), Peptron (up 0.85%), and Rainbow Robotics (up 0.73%) rose, while PharmaResearch (down 3.04%), Ecopro (down 2.33%), Ecopro BM (down 2.19%), Kolon TissueGene (down 1.71%), and Rigachem Bio (down 1.61%) fell.
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By industry, securities (down 4.07%) and banks (down 3.61%), which had previously benefited from the Commercial Act amendment, showed notable weakness. In contrast, local currency (up 4.81%), display equipment (up 2.21%), telecommunications equipment (up 1.42%), and biotechnology (up 1.42%) sectors closed higher.
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