As U.S. financial market instability eased somewhat, the KOSPI index started on an upward trend on the 23rd.
As of 9:07 a.m. that day, the KOSPI index recorded 2,596.31, up 3.03 points (0.12%) from the previous trading day. While individuals are making a net purchase of 743 million won, foreigners and institutional investors are respectively net selling 206 million won and 547 million won.
The market capitalization of the leading stocks in the KOSPI is mixed. Samsung Electronics, SK hynix, LG Energy Solution, and KB Financial are rising. In contrast, Hanwha Aerospace, Hyundai Motor, and Kia are declining. Samsung Biologics, which announced a spin-off the previous day, is falling, while its largest shareholder, Samsung C&T, is up by over 2%.
At the same time, the KOSDAQ index recorded 716.97, down 0.72 points (0.10%) from the previous trading day. Individual investors are making a net purchase of 517 million won, while foreigners and institutional investors are respectively net selling 211 million won and 189 million won.
Most of the leading stocks in the KOSDAQ market are declining. Alteogen, Ecopro BM, HLB, Ecopro, Rainbow Robotics, and Peptron are falling. Meanwhile, HUGEL, CLASSYS, and Sam Chun Dang Pharm are rising.
Overnight, the three major indices of the New York stock market closed mixed after displaying high volatility. The Dow Jones Industrial Average dropped by 1.35 points (0.00%), the S&P 500 Index saw a slight decline of 0.04%, and the Nasdaq Composite Index ended with a slight increase of 0.28%.
The passage of U.S. President Donald Trump's tax cut plan through the House of Representatives is analyzed as a resolution of uncertainty. Consequently, the sharp rise in U.S. government bond yields, which was pointed out as the cause of financial market instability the previous day, showed signs of stabilizing.