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KOSPI Starts Slightly Lower... Fluctuates Around 2410 Level

KOSPI Starts Slightly Lower... Fluctuates Around 2410 Level [Image source=Yonhap News]

[Asia Economy Reporter Kwon Jaehee] On the 28th, the domestic stock market started slightly lower. This is attributed to the previous trading day’s U.S. stock market, where expectations and concerns about the year-end shopping season affected the sluggish performance of iPhone-related stocks and the decline of the Philadelphia Semiconductor Index.


As of 9:17 a.m. that day, the KOSPI index stood at 2408.40, down 1.21% (29.46 points) from the previous trading day. The index opened the session at 2425.05, down 0.53% (12.81 points).


By investor type, individual investors alone purchased stocks worth 180.5 billion KRW, while foreigners and institutions sold stocks worth 128.1 billion KRW and 58.1 billion KRW, respectively.


Among the top 10 stocks by market capitalization, all except LG Energy Solution (0.70%) showed a decline. These include Samsung Electronics (-1.64%), Samsung Biologics (-1.11%), SK Hynix (-2.00%), LG Chem (-1.11%), Samsung SDI (-0.97%), Samsung Electronics Preferred (-1.80%), Hyundai Motor (-0.60%), NAVER (-1.35%), and Kia (-0.61%).


At the same time, the KOSDAQ index was trading at 725.28, down 1.13% (8.28 points) from the previous trading day.


By investor type, individual investors again purchased stocks worth 68.4 billion KRW. Foreigners and institutions sold stocks worth 53.4 billion KRW and 13.8 billion KRW, respectively.


The top 10 KOSDAQ stocks by market capitalization showed mixed trends. Celltrion Healthcare (0.31%), L&F (0.80%), EcoPro (0.38%), and Chunbo (0.12%) recorded gains, while EcoPro BM (-0.26%), HLB (-3.67%), Kakao Games (-1.28%), Pearl Abyss (-1.93%), Rino Industrial (-1.50%), and Celltrion Pharm (-0.30%) declined.




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