The KOSPI, which had been setting new record highs for consecutive days, turned downward the previous day, but on the 9th, it started with an increase of more than 10 points, drawing attention to whether it will break through the 2900 mark during the week. Employees are working in the dealing room at the Seoul Hana Bank headquarters. Photo by Heo Younghan younghan@
The KOSPI index is giving up its intraday gains amid selling pressure from foreign investors.
As of 10:13 a.m. on the 9th, the KOSPI index is trading at 2860.92, up 0.1% from the previous day.
By investor type, institutions and individuals are net buyers of 23.3 billion KRW and 13.5 billion KRW respectively, while foreigners are net sellers of 42.1 billion KRW, weighing down the index. In the futures market, foreigners are net buyers of 230.1 billion KRW, whereas institutions and individuals are net buyers of 139.5 billion KRW and 67.7 billion KRW respectively.
The New York stock market showed mixed trends ahead of remarks by Jerome Powell, Chairman of the U.S. Federal Reserve (Fed), the previous day. However, semiconductor-related stocks such as NVIDIA and TSMC showed strength, leading the domestic market to start higher. But foreigners, who had been net buyers recently, turned to selling today, causing the index to give up its gains.
Sector-wise, there are mixed movements. The pharmaceuticals sector is up 1.14%, construction 1.09%, machinery 0.81%, electrical and electronics 0.79%, services 0.85%, textiles and apparel 0.42%, manufacturing 0.33%, paper and wood 0.15%, and chemicals 0.09% are showing strength. On the other hand, insurance is down 2.02%, transportation equipment -1.84%, finance -1.29%, securities -0.91%, transportation and warehousing -0.87%, and electricity and gas -0.37% are declining.
Top market capitalization stocks are also showing mixed trends. Samsung Electronics is up 0.34%, SK Hynix 0.64%, LG Energy Solution 2.09%, Samsung Biologics 0.88%, Celltrion 1.25%, and NAVER 0.29% are rising. Meanwhile, Hyundai Motor fell 2.65%, Kia -2.33%, KB Financial Group -4.49%, and POSCO Holdings -0.4% are weak.
The KOSDAQ index is showing a firm to slightly positive trend. At the same time, the KOSDAQ index is trading at 862.93, up 0.4% from the previous day. By investor type, institutions and foreigners are net sellers of 25.5 billion KRW and 0.2 billion KRW respectively, while individuals are net buyers of 34 billion KRW.
Top market capitalization stocks show mixed movements. EcoPro BM is down 0.5%, Alteogen -2.94%, HLB -0.76%, Enchem -0.88%, HPSP -0.5%, and Classys -1.72% are declining. On the other hand, EcoPro is up 0.38%, Samchundang Pharmaceutical 7.97%, Celltrion Pharm 1.07%, and Lino Industrial 6.49% are rising.
Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1382.1 won, down 1.0 won from the previous day.
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