On the 25th, the Korea Composite Stock Price Index (KOSPI) started with a decline of over 1%.
According to the Korea Exchange, the KOSPI index started at 2617.64 and, as of 9:01 a.m., recorded a drop of 27.59 points (1.04%) compared to the previous trading day, standing at 2617.68.
Institutions led the index drop by net selling 41.9 billion won, while foreigners are also net selling 28.2 billion won. In contrast, individuals are net buying 72.3 billion won.
As the economic outlook worsens and the U.S. New York Stock Exchange has experienced a declining trend for three consecutive days, downward pressure on the domestic stock market is also increasing.
Overnight on the New York Stock Exchange (NYSE), the Dow Jones Industrial Average recorded a slight increase of 0.08%, while the Standard and Poor's (S&P) 500 index dropped by 0.50%, and the Nasdaq index fell by 1.21%.
In the main board of the KOSPI market, Samsung Electronics and SK hynix both recorded declines in the early trading hours. SK hynix's stock price is down nearly 3%.
The news that Microsoft terminated rental contracts with private data centers appears to have negatively impacted AI-related stocks, which plunged across the board on the U.S. New York Stock Exchange.
Additionally, stocks of LG Energy Solution, Hyundai Motor Company, Kia, Celltrion, and NAVER are also declining. Among the top 10 stocks by market capitalization on the KOSPI, only Samsung Biologics showed strength in early trading.
At the same time, the KOSDAQ index is also down. It showed a decrease of 13.02 points (0.99%), standing at 767.24. Institutions and foreigners are leading the index decline by net selling 29.8 billion won and 12.8 billion won respectively.
Most of the stocks in the KOSDAQ market's top capitalization are marked in red. In addition to bio stocks such as Alteogen and HLB, the stock prices of secondary battery stocks like Ecopro and ECOPRO BM are also falling.
Meanwhile, the Bank of Korea's Monetary Policy Committee is expected to decide on adjustments to the base rate today, attracting the attention of market participants.