[Asia Economy Reporter Oh Ju-yeon] On the 20th, the domestic stock market started lower. Due to the resurgence of the novel coronavirus infection (COVID-19) and uncertainties surrounding additional U.S. economic stimulus measures, the U.S. stock market fell overnight, leading to an analysis that risk asset preference sentiment may weaken in the domestic market as well.
As of 9:17 a.m. that day, the KOSPI recorded 2348.04, up 0.10% from the previous trading day. The market opened at 2333.56, down 0.56% from the previous day, but then narrowed the losses and turned to rise.
By investor type, individuals sold stocks worth 108.8 billion KRW, while foreigners and institutions bought stocks worth 26.2 billion KRW and 91.9 billion KRW, respectively.
Among the top market capitalization stocks, Samsung Electronics (0.67%), Samsung Biologics (0.15%), LG Chem (0.81%), and Samsung SDI (1.09%) rose, while NAVER (-0.52%), Hyundai Motor (-3.27%), Celltrion (-1.57%), and Kakao (-1.84%) declined.
The KOSDAQ index also started at 816.16, down 0.74% from the previous day, but then narrowed the losses and rose to 824.90, up 0.35% from the previous day.
In the KOSDAQ market, individuals and institutions sold stocks worth 51.6 billion KRW and 5.1 billion KRW, respectively, while foreigners purchased stocks worth 57.6 billion KRW.
Among the top market capitalization stocks, Celltrion Healthcare (-1.90%), Alteogen (-1.23%), and Celltrion Pharm (-0.83%) declined, while Seegene (0.94%), HL Biopharma (1.79%), and Kakao Games (0.33%) rose.
Seo Sang-young, a researcher at Kiwoom Securities, said, "Despite large-scale liquidity supply and active policies, the resurgence of COVID-19 overnight acted as a factor dampening investor sentiment due to the possibility that economic recovery may be delayed or slowed," adding, "This could negatively affect foreign investors' demand in the domestic stock market."
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