KOSPI and KOSDAQ Continue Downtrend into the Afternoon

[Asia Economy Reporter Eunmo Koo] The KOSPI and KOSDAQ indices continue to maintain a decline of around 1% into the afternoon session.

On the 18th, the KOSPI opened at 3,079.90, down 6.00 points (0.19%) from the previous trading day, and throughout the session, it steadily maintained a decline of around 1%, continuing the adjustment phase following the previous day. As of 1:20 PM, it is recording 3,036.56, down 49.34 points (1.60%) from the previous trading day.

Looking at trading trends by participant, foreign investors and institutional investors are leading the index decline with net sales of 245.3 billion KRW and 155.3 billion KRW, respectively. On the other hand, individual investors are net buyers with 400.8 billion KRW.

Most of the top market capitalization stocks are falling. SK Innovation, Samsung SDI, Samsung Electronics, LG Chem, and LG Household & Health Care are showing relatively large declines. Conversely, Celltrion, Hyundai Mobis, and Kia Motors are rising.

The KOSDAQ index is also showing a downward trend. However, its volatility is somewhat greater compared to the KOSPI. The KOSDAQ index opened at 963.18, down 1.26 points (0.13%) from the previous trading day, and showed mixed movements during the morning session. After turning downward around 1 PM, the decline has somewhat widened. As of 1:20 PM, it is recording 958.21, down 6.23 points (0.65%) from the previous trading day.

By trading participant, similar to the KOSPI, foreign investors and institutional investors are net sellers with 34.9 billion KRW and 10.3 billion KRW, respectively, while individual investors are net buyers with 49.3 billion KRW.

Among the top market capitalization stocks, Celltrion Healthcare, Celltrion Pharm, and Hugel are rising, whereas Alteogen, EcoPro BM, and KMw are falling.