KOSPI Falls Below 2700 Again, KOSDAQ Turns Upward... Volatile Market Continues

[Image source=Yonhap News]

[Asia Economy Reporter Kwon Jae-hee] The KOSPI opened lower. The decline in the three major U.S. New York stock indices, the acceleration of Russia's invasion of Ukraine, and the sharp rise in international oil and grain prices are interpreted as factors affecting our stock market.

As of 9:18 a.m. on the 2nd, the KOSPI index is at 2698.57, down 0.02% (0.61 points) from the previous trading day. The KOSPI index started the day down 0.03%, then turned upward in the early session before falling again. Looking at investor trends, individuals net bought 21.6 billion KRW, while foreigners and institutions sold 22.5 billion KRW and 1.9 billion KRW, respectively.

Most of the top market capitalization stocks are also showing a downward trend. Samsung Electronics is trading at 71,800 KRW, down 0.42% from the previous trading day. Samsung Electronics Preferred (-0.91%), Naver (-0.63%), Samsung Biologics (-0.51%), LG Chem (-0.53%), Hyundai Motor (-2.00%), and Kia (-1.63%) are also declining.

At the same time, the KOSDAQ index is at 884.95, up 0.44% (3.88 points) from the previous trading day. The KOSDAQ index started trading at 880.62, down 0.05% (0.45 points) from the previous day, but reversed to an upward trend. Regarding investor trends, individuals net bought 45.2 billion KRW, while foreigners and institutions net sold 38.9 billion KRW and 1.3 billion KRW, respectively.

Among the top market capitalization stocks, Celltrion Healthcare is trading at 63,600 KRW, up 0.16% from the previous trading day. EcoPro BM (2.85%), L&F (1.79%), Pearl Abyss (1.89%), Kakao Games (0.41%), Celltrion Pharm (0.46%), and Chunbo (1.66%) are showing upward trends.