KOSPI Opens Lower at 4,080... KOSDAQ Starts Slightly Higher
KOSPI Falls to 4,070 Level During Session
Samsung Electronics and SK Hynix Down
On October 31, the KOSPI started the day lower at the 4,080 level and has since fallen further to the 4,070 range. Meanwhile, the KOSDAQ began trading with slight gains and has maintained its upward momentum in the early session.
As of 9:16 a.m. on this day, the KOSPI index was down 0.39% from the previous trading day, standing at 4,070.94. The index opened at 4,083.35, down 0.09% from the previous session, and has continued to widen its losses.
Individual investors and foreign investors have sold 1.2 billion won and 98.7 billion won, respectively, contributing to the decline in the index. In contrast, institutional investors have provided support by making a net purchase of 110.5 billion won.
Many stocks are declining. The biggest drops are seen in insurance (-1.45%), construction (-1.02%), telecommunications (-0.83%), metals (-0.82%), electrical and electronics (-0.80%), chemicals (-0.74%), retail (-0.59%), and medical and precision equipment (-0.44%). On the other hand, entertainment and culture (2.62%), IT services (2.40%), transportation and storage (1.40%), securities (1.17%), and pharmaceuticals (0.47%) are posting gains.
Both of Korea's leading semiconductor companies, Samsung Electronics (-0.38%) and SK Hynix (-1.94%), are declining together. This is interpreted as a result of the previous day's weakness in U.S. semiconductor stocks. Among other large-cap stocks, LG Energy Solution (-1.23%), Doosan Enerbility (-0.11%), and HD Hyundai Heavy Industries (-0.51%) are also falling. In contrast, Hyundai Motor (5.85%), Hanwha Aerospace (0.40%), and Kia (2.32%) are rising.
At the same time, the KOSDAQ is up 0.24% from the previous trading day, standing at 893.02. The index opened at 894.54, up 0.41% from the previous session, but has edged down slightly since then.
Individual investors and institutional investors are leading the rise by purchasing 30.2 billion won and 17.8 billion won, respectively. In contrast, foreign investors have sold 45 billion won.
By sector, IT services (0.65%), publishing and media reproduction (0.64%), entertainment and culture (0.60%), pharmaceuticals (0.52%), machinery and equipment (0.45%), finance (0.31%), and transportation equipment and parts (0.21%) are showing gains. Construction (-0.95%), non-metallic minerals (-0.88%), transportation and storage (-0.55%), electrical and electronics (-0.54%), chemicals (-0.49%), and retail (-0.48%) are declining.
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Among the top KOSDAQ stocks by market capitalization, except for EcoPro BM (-0.12%), HLB (-1.22%), and PharmaResearch (-1.29%), companies such as Alteogen (0.95%), EcoPro (0.78%), Rainbow Robotics (8.88%), Peptron (1.33%), Samchundang Pharm (2.49%), ABL Bio (3.01%), and Legochem Bio (1.41%) are showing strength.
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