On the 2nd, the KOSPI started with a decline.
According to the Korea Exchange and others on the 23rd, the KOSPI index opened at 3089.64, and as of 9:02 a.m., it showed a decrease of 2.78 points (0.09%) compared to the previous trading day, at 3086.87.
The previous day, the KOSPI closed up 0.58% at 3089.65, marking two consecutive days of increases. During the day, it rose to the 3130s, breaking its previous high, but gave back the gains in the latter part of the session.
Foreigners and institutions are leading the index decline as they engage in "selling." They are showing net sales of 89 billion won and 75.1 billion won, respectively. Individuals are showing net purchases of 191.9 billion won.
The overnight drop in Tesla and NVIDIA stocks, which fell by 5% and 3%, respectively, has negatively impacted the investment sentiment in the domestic stock market.
The three major U.S. stock indices closed mixed. The S&P 500 index and the NASDAQ, which had set all-time highs the previous day, fell by 0.11% and 0.82%, respectively, overnight. The Dow Jones Industrial Average rose by 0.91%.
In the main stocks of the KOSPI market, most showed a downward trend. SK hynix's stock price is down more than 2%, and Samsung Electronics' stock price is also weak.
The decline in Tesla's stock is also affecting LG Energy Solution's stock price, a leading company in secondary batteries. Samsung Biologics and Naver also showed weakness in early trading.
At the same time, the KOSDAQ index recorded 786.92, up 3.25 points (0.41%) from the previous trading day. Foreigners and institutions are showing net sales of 14.3 billion won and 12.2 billion won, respectively, but individuals are showing net purchases of 39 billion won.
By sector, bio stocks are performing strongly. Altaogen's stock price, the top market cap stock in the KOSDAQ, is up over 4%, while PharmaResearch and LigaChem Biosciences are also strong.
On the other hand, secondary battery stocks like Ecopro and ECOPRO BM are weak. Additionally, Rainbow Robotics' stock price is also declining.
Meanwhile, in the Seoul foreign exchange market, the won-dollar exchange rate is recorded at 1,359 won, up 3.70 won (0.27%) from the previous trading day.