[Asia Economy Reporter Jang Hyowon] The KOSPI index, after starting higher, turned lower due to selling pressure from institutions and foreigners.
As of 9:31 a.m. on the 3rd, the KOSPI index was trading at 2208.21, down 0.78% from the previous day.
On this day, the KOSPI opened at 2230.98, up 5.31 points (0.24%) from the previous day. The rise was driven by positive manufacturing indicators in European markets the day before. The Eurozone December S&P Global Manufacturing PMI stood at 47.8, meeting expectations and rising from 47.1 the previous month.
Accordingly, the EUROSTOXX50 index closed at 3856.09, up 62.47 points (1.65%) from the previous trading day. Germany's DAX index rose 145.67 points (1.05%) to 14,069.26, and France's CAC40 index closed at 6594.57, up 120.81 points (1.87%).
After the market opened, institutions and foreigners have been offloading shares. At this time, institutions and foreigners recorded net sales of 91.8 billion KRW and 35.9 billion KRW, respectively. In contrast, individuals are defending the index with net purchases of 124.5 billion KRW.
In the futures market, foreigners and individuals are net sellers with 253.4 billion KRW and 27.5 billion KRW, respectively, while institutions are net buyers with 293.3 billion KRW. In program trading, there was a net sale of 7.9 billion KRW in arbitrage trading and 30.6 billion KRW in non-arbitrage trading.
By sector, only the electric and gas industry is showing a 1.11% gain, while most sectors are declining. Insurance is down 1.91%, pharmaceuticals 1.46%, transportation and warehousing 1.49%, steel and metals 1.46%, securities 1.27%, and textiles and apparel 1.31%.
Most of the top market capitalization stocks are also declining. Samsung Electronics fell 0.9%, and SK Hynix dropped 3.04%. LG Energy Solution is down 0.22%, Samsung Biologics 1.81%, NAVER 2.23%, Kia 0.98%, and Kakao 1.14%. On the other hand, LG Chem rose 0.5%, Samsung SDI 1.0%, and Hyundai Motor 0.32%.
At the same time, the KOSDAQ index also turned weaker. The KOSDAQ index was down 1.81 points (0.27%) at 669.67 compared to the previous day. The KOSDAQ also started slightly higher by 0.1% but then shifted to a downtrend.
Institutions and foreigners recorded net sales of 7.1 billion KRW and 4.5 billion KRW, respectively, while individuals showed a net buying advantage of 12 billion KRW.
Top market capitalization stocks showed mixed trends. EcoPro BM remained slightly down by 0.21%, while Celltrion Healthcare fell 0.87%, L&F 0.27%, and HLB 0.36%. Conversely, Kakao Games rose 1.13%, EcoPro 0.27%, Studio Dragon 4.06%, and Pearl Abyss 0.62%.
Meanwhile, at this time, the won/dollar exchange rate is trading at 1274.7 won, up 2.1 won from the previous day.
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