KOSPI Starts Lower... Falls Below 2300 Again

On the 30th, the KOSPI index started lower again, falling below the 2300 mark.

As of 9:15 AM that day, the KOSPI index stood at 2298.82, down 3.99 points (0.17%) from the previous session. Individual investors were net buyers with 17.7 billion KRW, while foreigners and institutions were net sellers with 13.2 billion KRW and 4.9 billion KRW respectively.

The stock prices of the top market capitalization groups in the Korea Exchange are mixed. SK Hynix (1.68%) and LG Energy Solution (1.13%) showed gains in early trading. On the other hand, Samsung SDI (-1.44%), Hyundai Motor (-0.74%), and Samsung Electronics (-0.45%) were on a downward trend.

Han Ji-young, a researcher at Kiwoom Securities, said, "Considering the market situation until last week, it is true that investor sentiment has been damaged to the extent that there seems to be no reason to hold stocks." However, she added, "It is important to note that the forward PBR of KOSPI is 0.8 times, approaching a historical bottom, and that positive factors may emerge during this week's events." She continued, "Since there is still a possibility that the current panic selling atmosphere could reverse, it is advisable to refrain from excessively increasing cash holdings at this point."

At the same time, the KOSDAQ index was down 0.37 points (0.05%) from the previous session, standing at 748.12. Although KOSDAQ started higher in early trading, it soon turned downward. Individual investors were net buyers with 35.2 billion KRW, while foreigners and institutions were net sellers with 30.8 billion KRW and 3.9 billion KRW respectively.

Most of the top market capitalization groups in KOSDAQ showed gains. POSCO DX rose strongly by 4.03% in early trading, and Alteogen (2.83%), Pearl Abyss (2.68%), and HPSP (1.47%) also showed upward trends.