KOSPI Dips to 2710 Level Early in Session... Only SK Hynix Shows Uptrend

The KOSPI index is declining. This is interpreted as a result of weakened investor sentiment following the release of the Federal Open Market Committee (FOMC) minutes, which suggested a delay in interest rate cuts. SK Hynix surpassed 200,000 won during the session, buoyed by AI leader Nvidia's earnings that exceeded market expectations.

On the 23rd, as the New York stock market opened lower, the domestic stock market also started down, with both the KOSPI and KOSDAQ declining, and the won-dollar exchange rate rising slightly. Stock prices and various indices are displayed in the dealing room at the Hana Bank headquarters in Euljiro, Seoul. Photo by Heo Younghan younghan@

As of 10 a.m. on the 23rd, the KOSPI index stood at 2,713.92, down 9.54 points (-0.35%) from the previous day. The KOSPI opened at 2,719.03, down 4.43 points (0.16%) from the previous trading day, and has been on a continuous downward trend.

In the securities market, individuals and foreigners are net buyers of 143.8 billion won and 17.3 billion won, respectively. Institutions are net sellers of 158.9 billion won.

Most of the top market capitalization stocks on the KOSPI are declining, with SK Hynix the only exception, trading 1.06% higher than the previous session at 199,800 won. The surprise strong earnings from Nvidia have attracted buying interest in SK Hynix, a leading semiconductor stock.

Other stocks such as Samsung Electronics (-0.39%), LG Energy Solution (-0.41%), Celltrion (-0.43%), KG Financial (-1.77%), and NAVER (-0.66%) are falling. Hyundai Motor, which rose more than 10% the previous day, is down 2.53%.

The KOSDAQ index is up 2.14 points (0.25%) from the previous day, standing at 847.86. The KOSDAQ started trading at 846.5, up 0.78 points (0.09%), then turned downward before recovering to an upward trend again.

In the KOSDAQ market, institutions are net buyers of 42 billion won, while individuals and foreigners are net sellers of 26.1 billion won and 5.3 billion won, respectively.

The top market capitalization stocks on the KOSDAQ show mixed trends. EcoPro BM (-1.23%), EcoPro (-0.82%), Lino Industrial (-0.73%), and Rainbow Robotics (-0.81%) are declining. Meanwhile, Alteogen (0.62%), Enchem (0.92%), Celltrion Pharm (0.22%), and Classys (1.13%) are rising. HLB is up 7.91%.