On the 28th, the KOSPI and KOSDAQ indices are moving in the flat zone during the early trading session. With major variables that could affect the stock market remaining, including trade negotiations with the U.S., the Federal Open Market Committee (FOMC) interest rate decision, U.S. employment indicators, and tax reform plans, a cautious trend is expected.
As of 9:14 a.m. on that day, the KOSPI index recorded 3197.07, up 1.02 points (0.03%) from the previous trading day. Individuals are net buying 27.5 billion won, while foreign and institutional investors are net selling 30.6 billion won and 2 billion won, respectively.
In the top market capitalization stocks in the securities market, Samsung Electronics and SK hynix are showing divergent trends. On that day, Samsung Electronics is on an upward trend of 2%, announcing a contract for semiconductor foundry production worth 22 trillion won. LG Energy Solution, Hyundai Motor, HD Hyundai Heavy Industries, and Kia are also rising. Samsung Biologics, Hanwha Aerospace, KB Financial Group, and Shinhan Financial Group are declining.
At the same time, the KOSDAQ index is currently at 807.10, up 0.15 points (0.02%) from the previous trading day. Individual investors are net buying 48.1 billion won, while foreign and institutional investors are net selling 17 billion won and 24.5 billion won, respectively.
Among the top market capitalization stocks in the KOSDAQ market, Alteogen, Ecopro BM, and Ecopro are rising, while Peptron, HLB, PharmaResearch, and Sam Chun Dang Pharm are declining.
Meanwhile, at the end of last week, the New York Stock Exchange closed higher as optimism about a trade agreement was reflected, with all three major indices rising. The Dow Jones Industrial Average rose by 0.47%, the Standard & Poor's (S&P) 500 index increased by 0.40%, and the Nasdaq Composite rose by 0.24%. The S&P 500 index reached its highest for five consecutive trading days, and the Nasdaq index achieved its highest for three consecutive trading days.
On that day, the domestic stock market is expected to be affected by concerns over macro events, including tariff negotiations. The FOMC and the Bank of Japan's (BOJ) monetary policy meeting will take place on the 31st Korean time, and the U.S. July ISM manufacturing purchasing managers index (PMI) and key employment indicators will be announced on the 1st of next month.