KOSPI Closes Lower on Institutional and Individual Selling... KOSDAQ Rises for Third Consecutive Session

KOSPI Falls Back to the 4,130 Level

On December 10, the KOSPI closed lower at the 4,130 level due to simultaneous selling by institutions and individual investors. In contrast, the KOSDAQ ended the day with slight gains.

KOSPI, Cautious Sentiment Ahead of Base Rate Decision

On this day, the KOSPI ended trading at 4,135.00, down 0.21% from the previous session. The index opened at 4,159.05, up 0.37% from the previous day, and climbed to as high as 4,172.64 in early trading. However, after fluctuating throughout the session, it extended its losses toward the close.

Institutions sold 300.5 billion won and individuals sold 87.8 billion won, leading the decline in the index. In contrast, foreign investors made net purchases of 373.7 billion won, helping to support the index.

Most sectors recorded declines. The largest drops were seen in electricity & gas (-1.82%), distribution (-1.70%), insurance (-1.58%), transportation equipment & parts (-1.53%), IT services (-1.47%), securities (-1.30%), and finance (-1.27%). On the other hand, entertainment & culture (1.21%), electrical & electronics (0.89%), non-metallics (0.61%), and real estate (0.29%) closed higher.

Among the top market capitalization stocks, performances were mixed. Samsung Electronics fell 0.37% to close at 108,000 won, and LG Energy Solution also dropped by 0.45%. Hyundai Motor (-1.47%), HD Hyundai Heavy Industries (-1.04%), Kia (-0.32%), and Hanwha Aerospace (-3.85%) also showed weakness. In contrast, SK Hynix rose 3.71% to close at 587,000 won on news that it is considering a listing on the U.S. stock market using its treasury shares. Samsung Biologics (0.30%) and Doosan Enerbility (0.13%) also closed higher.

KB Securities researchers Lim Jeongeun and Tae Yunseon commented, "A wait-and-see mood intensified as the market awaited the U.S. Federal Reserve's Federal Open Market Committee (FOMC) meeting," explaining, "Given the strong sentiment to gauge and react to future rate paths based on the base rate decision, the dot plot, and Federal Reserve Chair Jerome Powell's speech, both trading volume and price fluctuations were limited."

They added, "If there are many dissenting votes against a rate cut at the FOMC, the market may interpret the FOMC as 'hawkish.' However, the key is the 'data,' and if indicators are released that support a rate cut, the stock market sentiment will also change."

KOSDAQ, Policy Expectations Remain Valid... Upward Trend Continues

On this day, the KOSDAQ closed at 935.00, up 0.39% from the previous session, as expectations for expanded government stimulus policies and improved liquidity continued. This marks the third consecutive day of gains. The index started at 932.37, up 0.11% from the previous day, and, although it showed early losses, it managed to rebound and gradually extended its gains.

Foreign investors led the market by purchasing 98.1 billion won, while individuals and institutions recorded net sales of 50.3 billion won and 3.4 billion won, respectively.

By sector, pharmaceuticals (2.20%), entertainment & culture (0.79%), transportation & storage (0.72%), medical & precision instruments (0.67%), IT services (0.59%), and manufacturing (0.50%) rose, while construction (-1.15%), publishing & media replication (-0.90%), paper & wood (-0.68%), electrical & electronics (-0.51%), finance (-0.41%), textiles & apparel (-0.28%), and food & tobacco (-0.21%) closed lower.

Among the top 10 market capitalization stocks, ABL Bio (9.02%), Rainbow Robotics (2.72%), Legochem Bio (3.11%), Kolon TissueGene (2.10%), Peptron (5.06%), and Samchundang Pharm (5.27%) ended with strong gains, while Alteogen (-0.11%), Ecopro BM (-1.43%), Ecopro (-0.85%), and HLB (-0.71%) declined.

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