[Asia Economy Reporter Eunmo Koo] The KOSPI is showing a slight decline in the early session due to simultaneous selling by institutions and foreigners, continuing its downward trend for the second consecutive day. The KOSDAQ index is also slightly down, threatening the 800-point level.
On the 30th, the KOSPI opened at 2319.56, down 7.11 points (0.31%) from the previous trading day. The KOSPI, which started lower, is continuing its downward trend as institutions and foreigners are selling in the early session. As of 9:25 AM, it is trading at 2315.82, down 10.85 points (0.47%) from the previous day.
Overnight, major indices on the New York Stock Exchange (NYSE) rose, supported by solid U.S. economic growth despite concerns over the spread of the novel coronavirus (COVID-19). On the 29th (local time), the Dow Jones Industrial Average closed at 26,659.11, up 139.16 points (0.52%) from the previous day. The Standard & Poor's (S&P) 500 index rose 39.08 points (1.19%) to 3,310.11, and the tech-heavy Nasdaq index closed at 11,185.59, up 180.72 points (1.64%).
Looking at trading trends by participant, institutions and foreign investors are net sellers of 133.1 billion KRW and 105.6 billion KRW, respectively. In contrast, individual investors are net buyers of 235.1 billion KRW.
By sector, banks, retail, and paper/wood industries are rising, while food and beverages, services, and pharmaceuticals are declining.
Among the top market capitalization stocks, Samsung SDI, Samsung C&T, and POSCO are rising. On the other hand, Hyundai Mobis, NAVER, Kakao, Celltrion, and Samsung Biologics are falling.
The KOSDAQ index is also slightly down, threatening the 800-point level. The KOSDAQ opened at 814.16, up 0.23 points (0.03%) from the previous day, but quickly turned downward due to simultaneous net selling by institutions and foreign investors, maintaining a decline of around 0.5%. As of 9:25 AM, it is trading at 809.64, down 4.29 points (0.53%) from the previous day.
Regarding supply and demand, similar to the KOSPI, foreign and institutional investors are net sellers of 82.6 billion KRW and 47.0 billion KRW, respectively, while individual investors are net buyers of 142.0 billion KRW.
By sector, finance, computer services, and construction are rising, while broadcasting services, retail, and paper/wood industries are declining.
Most of the top market capitalization stocks are falling. Alteogen, Celltrion Healthcare, CJ ENM, Celltrion Pharm, and Pearl Abyss are declining, while EcoPro BM and Kakao Games are rising.
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