On the 30th, the KOSPI started lower.
According to the Korea Exchange, on this day, the KOSPI index started at 2713.24 and, as of 9:02 a.m., was recording 2711.02, down 9.62 points (0.35%) from the previous trading day.
Demand for profit-taking following the short-term surge in the KOSPI index seems to be applying downward pressure. The KOSPI index surged 83.42 points (3.16%) over the past two days and closed at this year's high of 2720.64 the previous day.
Looking at the trading trends by investor type in the securities market (KOSPI), both institutions and foreigners are in a "selling" position, with net sales of 72.5 billion won and 62 billion won, respectively. Individuals are engaged in net buying of 138.6 billion won.
The revival of tariff effects from the Trump administration within a day also seems to be putting pressure on the index. The U.S. Federal Appeals Court decided to temporarily restore the tariff effects on the 29th (local time).
Overnight, the U.S. New York Stock Exchange remained slightly higher. The Dow Jones Industrial Average rose by 0.28%, while the Standard & Poor's (S&P) 500 index and the Nasdaq Composite index increased by 0.40% and 0.39%, respectively.
By market capitalization among KOSPI stocks, the trend is mixed. SK hynix's stock price is weak, while Samsung Electronics' stock price is strong. LG Energy Solution's stock price is declining, while Samsung Biologics' stock price is rising.
At the same time, the KOSDAQ index is also declining, showing a decrease of 3.06 points (0.42%) to 733.23. Foreigners and institutions are net selling 17.8 billion won and 7 billion won, respectively.
By stock, securities in the KOSDAQ market, such as ECOPRO BM and Ecopro related to secondary batteries, are weak. Alteogen, Peptron, and PharmaResearch, on the other hand, are experiencing strong stock prices.