Samsung Electronics Down More Than 1%
On the 17th, the Korean stock market opened lower. Both major markets are extending their losses amid selling pressure from foreigners and institutions. Notably, large automobile stocks are showing strength in the weak market.
As of 9:12 AM, the KOSPI is trading at 2748.04, down 0.38% (10.38 points) from the previous trading day. The KOSPI opened at 2754.83, down 0.13% (3.59 points) from the previous close.
Foreigners and institutions are net sellers of 82.4 billion KRW and 49.7 billion KRW respectively. Only individuals are net buyers with 141.1 billion KRW. In the futures market, individuals and foreigners are selling 1.1 billion KRW and 249.2 billion KRW respectively, while institutions alone are buying 267.6 billion KRW.
The top 10 stocks by market capitalization are mostly declining. LG Energy Solution is down 1.86%, POSCO Holdings down 1.71%, and Celltrion down 1.36% showing notable drops. On the other hand, only SK Hynix +0.23%, Hyundai Motor +5.97%, and Kia +3.02% are rising.
As of 9:16 AM, the KOSDAQ is at 858.24, down 0.46% (3.95 points) from the previous trading day. The KOSDAQ opened at 860.13, down 0.24% (2.06 points) from the previous close. Foreigners and institutions are net sellers of 15.3 billion KRW and 42.4 billion KRW respectively, while only individuals are net buyers with 78.5 billion KRW.
Most of the top 10 stocks by market capitalization are weak. Enchem is down 5.05%, Classys down 3.42%, EcoPro BM down 2.04%, and EcoPro down 1.61% in order of decline. Conversely, only Alteogen +1.51%, Rainbow Robotics +2.99%, and HPSP +0.92% are on the rise.
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