KOSPI Fluctuates Near Flat in Early Trading... Maintains Around 2410 Level

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[Asia Economy Reporter Geum Bo-ryeong] On the morning of the 21st, the KOSPI showed fluctuations within a flat range.

At 9:25 a.m. that day, the KOSPI index was at 2,420.03, up 7.63 points (0.32%) compared to the previous session.

The KOSPI opened at 2,412.44, up 0.04 points (0.00%) from the previous trading day, showed a brief upward trend, then began to decline from 9:06 a.m. Afterwards, it successfully rebounded starting at 9:14 a.m.

In the KOSPI market, foreigners and institutions were net buyers of 52.3 billion KRW and 16.6 billion KRW respectively, while individuals were net sellers of 62.4 billion KRW.

By sector, electrical and electronics (1.02%), transportation equipment (2.61%), and machinery (0.87%) rose, while steel and metals (0.48%) and non-metallic minerals (0.68%) declined.

Among the top 10 companies by market capitalization, Samsung Electronics (1.01%), SK Hynix (1.55%), NAVER (0.5%), and Hyundai Motor (3.87%) rose, whereas Samsung Biologics (0.79%), LG Chem (3.9%), and Celltrion (0.86%) fell.

At the same time, the KOSDAQ was at 890.36, up 1.48 points (0.17%) from the previous day.

The KOSDAQ opened at 889.94, up 1.06 points (0.12%) from the previous trading day, briefly declined, but then entered an upward trend again.

In the KOSDAQ market, individuals were net buyers of 74.2 billion KRW, while foreigners and institutions were net sellers of 38.7 billion KRW and 29.8 billion KRW respectively.

By sector, chemicals (0.95%) and metals (0.76%) rose, while telecommunications equipment (1.03%) and non-metallic minerals (0.34%) declined.

Among the top market cap companies, HL Biopharma (14.04%), CJ ENM (3.33%), and EcoPro BM (4.39%) rose, while Celltrion Healthcare (0.41%), Seegene (1.36%), Alteogen (0.88%), and Kakao Games (2.68%) fell.

Seo Sang-young, a researcher at Kiwoom Securities, analyzed, "The Korean stock market is expected to see increased caution with about 40 days left until the U.S. presidential election. Amid this, with major market-influencing events such as Tesla Battery Day and testimonies by Powell and Mnuchin before the House and Senate, it is expected to be a highly volatile week."