On the 23rd, the KOSPI index, which started higher, turned downward in the face of selling pressure from individual investors, approaching the 3200 level. Despite gains in automotive stocks like Hyundai Motor, the declines in semiconductor stocks, including Samsung Electronics, are leading to the index's fall.
As of 11:30 a.m. that day, the KOSPI index recorded a decline of 7.11 points (0.22%) at 3162.83 compared to the previous trading day. The KOSPI index opened at 3189.65, up 19.71 points (0.62%) from the previous close, and rose to 3199.86. However, the upward trend gradually weakened and turned downward. Individual investors sold 378.8 billion won, while foreigners and institutions bought 29.2 billion won and 327.8 billion won, respectively.
The stocks at the top of the market capitalization list are mixed. The leading semiconductor stocks Samsung Electronics and SK hynix are down by 0.23% and 0.56%, respectively. The preferred stock of Samsung Electronics is down 0.18%. Hanwha Aerospace and KB Financial are also experiencing declines. In contrast, Hyundai Motor and Kia are up by 5.81% and 6.34%, respectively. LG Energy Solution, Samsung Biologics, and Doosan Enerbility are also rising.
Han Ji-young, a researcher at Kiwoom Securities, noted, "Since last week, the KOSPI has been repeatedly touching the 3200 level but has not yet settled there, creating a situation where the aftereffects of the historic surge in June are lingering, with rising concerns about the second quarter earnings season contributing to a restrictive market environment."
The KOSDAQ index is trading at 808.79, down 4.15 points (0.51%) compared to the previous trading day. The KOSDAQ index opened at 815.88, up 2.91 points (0.36%) compared to the previous trading day. Individual investors have bought 171.8 billion won, while foreigners and institutions are selling 75.4 billion won and 86.6 billion won, respectively.
Looking at the top 10 stocks by market capitalization, Alteogen, HLB, Ecopro, PharmaResearch, and HUGEL are rising. Notably, Sam Chun Dang Pharm is hitting its upper limit due to news that its developing oral GLP-1 generic has successfully completed its biological equivalence test against the original drug, Novo Nordisk's 'Rybelsus.' In contrast, ECOPRO BM, Peptron, LigaChem Biosciences, and Rainbow Robotics are seeing declines in their stock prices.
As of 11:35 a.m. that day, the exchange rate of the won against the dollar was trading at 1380.80 won, down 0.70 won from the previous day.