The KOSPI index closed lower amid caution ahead of the U.S. presidential election.
On the 5th, the KOSPI index closed at 2,576.88, down 12.09 points (0.47%) from the previous day. Trading volume was 306.09 million shares, and the trading value was tentatively estimated at 7.594 trillion won.
On this day, the KOSPI index started weak due to the decline in the New York stock market ahead of the U.S. presidential election. According to foreign media, the U.S. presidential election is expected to be a close race between Republican candidate Donald Trump and Democratic candidate Kamala Harris. As a result, selling pressure centered on institutions and foreigners weighed down the index.
By investor type, institutions and foreigners sold net amounts of 285.7 billion won and 144.7 billion won respectively, while individuals bought a net 388.9 billion won, defending the index. Program trading saw net selling of 82 billion won in arbitrage trading and 164.1 billion won in non-arbitrage trading.
Sector performance was mixed. The electrical and electronics sector fell 1.46%, pharmaceuticals -1.18%, telecommunications -1.17%, manufacturing -0.71%, food and beverages -0.5%, transportation equipment -0.49%, textiles and apparel -0.28%, and transportation and warehousing -0.17%. On the other hand, steel and metals rose 4.55%, construction 1.58%, machinery 0.73%, chemicals 0.4%, securities 0.37%, paper and wood 0.28%, finance 0.18%, and distribution 0.17%.
Most of the top market capitalization stocks declined. Samsung Electronics fell 1.87%, SK Hynix -0.41%, LG Energy Solution -1.41%, Samsung Biologics -0.88%, Hyundai Motor -0.69%, Celltrion -1.6%, Kia -0.41%, POSCO Holdings -1.59%, Shinhan Financial Group -0.55%, and Hyundai Mobis -1.21%. Meanwhile, KB Financial rose 0.33%, and NAVER was up 0.46%. Korea Zinc closed sharply higher, up 15.85%.
There were 515 advancing stocks, 359 declining stocks, and 66 stocks unchanged.
The KOSDAQ market also closed lower. The KOSDAQ index closed at 751.81, down 2.27 points (0.3%) from the previous day. By investor type, foreigners sold a net 109.9 billion won, while institutions and individuals bought net amounts of 43.4 billion won and 71.2 billion won respectively.
The top market capitalization stocks showed mixed movements. Alteogen fell 2.18%, EcoPro BM -1.92%, HLB -3.44%, Rigachem Bio -0.31%, Enchem -3.88%, Celltrion Pharm -1.1%, and Silicon Two -3.44%. On the other hand, EcoPro showed a slight gain of 0.81%, Hugel rose 1.57%, Samchundang Pharm 0.69%, Classys 1.79%, HPSP 1.65%, and Lino Industrial 0.11%.
Meanwhile, in the Seoul foreign exchange market, the won/dollar exchange rate is trading at 1,378.0 won, up 3.5 won from the previous day.
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