[Asia Economy Reporter Myunghwan Lee] On the morning of the 22nd, the KOSPI showed volatility in the market and turned downward again, falling below the 2400 level. Foreign investors, who were buying stocks in the early session, turned to net selling, leading the index decline. The KOSDAQ index also slowed its gains and is hovering just below the 800 mark.
As of 11:02 a.m. on the day, the KOSPI stood at 2398.48, down 0.44% (10.68 points) from the previous trading day. The index opened the session at 2405.37, down 0.16% (3.79 points), initially rose but soon turned downward again.
By investor type, individuals alone are net buyers with 162.1 billion KRW, while foreigners and institutions are selling 19.2 billion KRW and 142.6 billion KRW respectively. Foreign investors, who were net buyers in the early session, have turned to selling.
Among the large-cap stocks in the KOSPI market, semiconductor stocks such as Samsung Electronics (-0.65%) and SK Hynix (-2.44%) are declining. LG Energy Solution (-1.66%) is falling amid concerns ahead of the lifting of lock-up on the 27th. Samsung Electronics Preferred (-0.71%) and LG Chem (-1.41%) are also down. On the other hand, Hyundai Motor is trading at 192,000 KRW, up 1.59% (3,000 KRW) from the previous day. Samsung Biologics (0.98%), Kia (0.73%), Samsung SDI (0.35%), and NAVER (0.20%) are also rising.
By sector, transportation equipment is showing a notable rise of 1.23%. Conversely, financials (-0.97%) and electrical & electronics (-0.88%) are declining.
At the same time, the KOSDAQ index is at 797.28, up 0.27% (2.13 points) from the previous trading day. The KOSDAQ opened at 796.58, up 0.18% (1.43 points), expanding its gains and briefly surpassed the 800 mark in the morning session. This is the first time in 24 trading days since the 20th of last month that the KOSDAQ index has crossed 800 during the session. By investor type, individuals and institutions are net buyers with 10.8 billion KRW and 19.1 billion KRW respectively, while foreigners are net sellers with 27.6 billion KRW.
Among the large-cap stocks in the KOSDAQ market, secondary battery-related stocks are strong. EcoPro BM is trading at 119,300 KRW, up 3.74% (4,300 KRW) from the previous day. L&F (2.27%), Cheonbo (4.67%), and EcoPro (5.97%) are also on the rise. Conversely, pharmaceutical-related stocks such as Celltrion Healthcare (-0.43%) and Celltrion Pharm (-0.99%) are declining. Kakao Games (-2.13%) is also weak.
By KOSDAQ sector, general electrical & electronics (2.71%), paper & wood (1.48%), and IT components (1.23%) are rising, while digital content (-1.57%) and publishing & reproduction (-1.52%) are declining.
The securities industry analyzed that with companies scheduled to announce earnings today, a stock-specific market is expected. Kiwoom Securities researcher Ji-young Han said, "Earnings announcements are expected from major companies in the automobile, internet, and financial sectors such as Kia, Hyundai Mobis, NAVER, and Hana Financial Group," adding, "During the session, stock price movements will vary depending on individual earnings issues."
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