KOSPI Turns Pale as US Treasury Yields Surge Sharply

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[Asia Economy Reporter Minji Lee] The KOSPI is showing a weak trend. It is analyzed that this is influenced by the decline in the U.S. stock market due to weakened expectations of inflation peak-out.

At 9:12 a.m. on the 15th, the KOSPI stood at 2690.50, down 0.96% (26.21 points) compared to the previous trading day. The index started the day at 2695.52, down 0.78% (21.19 points), and is widening its losses.

Looking at investor trends, individual investors alone bought stocks worth 176.7 billion KRW, while foreigners and institutions sold stocks worth 81.4 billion KRW and 98.3 billion KRW, respectively.

Among the top market capitalization stocks, Samsung Electronics is down 0.89% from the previous trading day, at 66,900 KRW. LG Energy Solution (-1.81%), SK Hynix (-1.82%), Samsung Biologics (-1.19%), NAVER (-1.76%), Kakao (-1.89%), Samsung SDI (-1.45%), Hyundai Motor (-0.28%), and LG Chem (-0.97%) are all showing a downward trend.

Kiwoom Securities researcher Sehyun Kim said, “A decline is expected due to the influence of U.S. interest rates and the sharply falling U.S. stock market, and a differentiated market by stock is expected.” He added, “The surprise Michigan Consumer Sentiment Index and hawkish remarks by the New York Fed President will act as burdens.”

At the same time, the index stood at 918.85, down 0.99% (9.16 points) compared to the previous trading day. The KOSDAQ index started the day at 921.53, down 0.7% (6.48 points), showing a steep decline. Looking at investor trends, individual investors alone bought stocks worth 65.7 billion KRW, while foreigners and institutions sold stocks worth 35 billion KRW and 31.9 billion KRW, respectively.

Among the top market capitalization stocks, EcoPro BM is down 2.31% from the previous trading day, at 448,200 KRW. Celltrion Healthcare (-2.6%), L&F (-1.56%), Pearl Abyss (-2.1%), Kakao Games (-2.11%), HLB (-1.64%), Celltrion Pharm (-2.78%), Chunbo (-3.47%), Wemade (-2.81%), and CJ ENM (-0.62%) also all declined.

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